Join Sarthaks eConnect Today - Largest Online Education Community!
0 votes
69 views
asked in Sociology by (69.7k points)

Enlist the changes brought about by Globalisation and Liberalisation in the Indian industrial set up.

1 Answer

+1 vote
answered by (73.5k points)
selected by
 
Best answer
  • Private companies especially foreign firms are encouraged to invest in sectors earlier reserved for the government including telecom, civil, aviation, etc. 
  • Licenses are no longer required to open industries. 
  • Foreign products are now easily available in Indian shops. 
  • Privatization of public sector or government companies. 
  • The government is trying to sell its share in several public sector companies. This process is known as disinvestment. For example Modern Foods. 
  • More and more companies are reducing the number of permanent employees and outsourcing their work. 
  • Liberalisation and privatization appears to be associated with rising income inequality.

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

One Thought Forever

“There is a close connection between getting up in the world and getting up in the morning.“
– Anon
~~~*****~~~

Categories

...