If the economic reforms have given us an opportunity in terms of greater access to global markets and high technology, it has also compromised the welfare of people belonging to poorer section.
It devasted the local producers as well as the farmers. It resulted in the greater inequalities of income and wealth.
Further, the economic reforms developed the areas that were well connected with the metropolitan cities leaving the remote and rural area underdeveloped. It resulted in growth of service sector of India especially in the form of quality education, superior health care facilities, IT (Information Technology), Tourism, multiplex, cinemas, etc., which were out of the reach of the poor section of the population.
Globalisation has given an opportunity to choose variety of goods at cheaper prices. There has been a revolution in telecommunication
