AI-generated practice question — model-generated for extra practice, not a previous-year CBSE board question.
The impact of globalisation has been uneven across different producers and workers in India:
(i) Large Indian IT Company (e.g., Infosys):
Globalisation has greatly benefited large Indian IT companies. They have invested in newer technology, raised production standards, and some have emerged as MNCs themselves. IT-based services like data entry, accounting, and engineering are exported to developed countries, creating new jobs and profits.
(ii) Small Capacitor Manufacturer:
Small producers have suffered due to rising competition from MNCs. They face difficulty competing with cheaper, better-quality foreign goods and often struggle to survive. Many have lost business as MNCs with greater resources dominate the market.
(iii) Garment Factory Worker (e.g., Sushila):
Workers like Sushila face job insecurity, low wages, long working hours, and loss of benefits like health insurance and provident fund. Employers prefer temporary/flexible hiring to cut costs, denying workers a fair share of globalisation's benefits.
Conclusion: While globalisation has benefited skilled, wealthy producers, small producers and workers have largely suffered due to intense competition and flexible labour practices.
Source: Globalisation and the Indian Economy, Chapter 4
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