Globalisation and the Indian Economy

Globalisation and the Indian Economy

Case Study 1: Impact of Globalisation on Indian Industries

Context:
Globalisation has transformed Indian industries by introducing new technologies, increasing competition, and providing access to international markets. This shift has led to significant growth in sectors such as IT, textiles, and pharmaceuticals, contributing to the country's economic development.

Questions:

1. What is one major effect of globalisation on Indian industries?
   • A. Decreased production capacity
   • B. Increased competition and efficiency
   • C. Isolation from international markets
   • D. Reduction in job opportunities
2. Which sector in India has notably benefited from globalisation?
   • A. Agriculture
   • B. Information Technology
   • C. Traditional handicrafts
   • D. Manual labor
3. What has been a consequence of increased competition due to globalisation?
   • A. Decline in quality of goods
   • B. Improvement in product quality and services
   • C. Monopolization of industries
   • D. Decrease in innovation
4. Which of the following is a characteristic of globalised markets?
   • A. Limited access to foreign goods
   • B. Growth of local businesses
   • C. Free flow of goods, services, and capital
   • D. Protectionist policies

Case Study 2: Foreign Direct Investment (FDI)

Context:
Foreign Direct Investment (FDI) has played a crucial role in the Indian economy, bringing in capital, technology, and managerial expertise. The liberalisation of FDI policies has attracted global companies, boosting economic growth and creating job opportunities.

Questions:

1. What is the primary benefit of FDI in India?
   • A. Outflow of capital
   • B. Introduction of capital, technology, and expertise
   • C. Increased government regulation
   • D. Decreased employment opportunities
2. Which sector has seen significant FDI inflows in India?
   • A. Handicrafts
   • B. Information Technology
   • C. Agriculture
   • D. Traditional manufacturing
3. What policy change has encouraged more FDI in India?
   • A. Nationalisation of industries
   • B. Liberalisation of FDI norms
   • C. Increased tariffs on imports
   • D. Restriction on foreign ownership
4. What is a potential risk associated with FDI?
   • A. Economic growth
   • B. Over-dependence on foreign companies
   • C. Technological advancement
   • D. Job creation

Case Study 3: Global Supply Chains

Context:
Globalisation has led to the development of global supply chains, where production processes are spread across multiple countries. This integration has enabled Indian companies to participate in international markets, enhance their competitiveness, and improve efficiency.

Questions:

1. What do global supply chains allow companies to do?
   • A. Restrict production to local markets
   • B. Spread production across multiple countries
   • C. Eliminate competition
   • D. Increase production costs
2. How have Indian companies benefited from global supply chains?
   • A. By reducing their market reach
   • B. By gaining access to international markets
   • C. By focusing solely on domestic sales
   • D. By avoiding technological advancements
3. What is a significant challenge of participating in global supply chains?
   • A. Increased collaboration
   • B. Fluctuating international prices
   • C. Stability in supply sources
   • D. Decreased production capacity
4. Which of the following is a characteristic of global supply chains?
   • A. Localised production
   • B. Rigid pricing
   • C. Flexibility in sourcing and production
   • D. Protectionist measures

Case Study 4: Impact on Agriculture

Context:
Globalisation has significantly impacted Indian agriculture by introducing new farming techniques, crops, and international trade opportunities. However, it has also posed challenges such as increased competition and vulnerability to global market fluctuations.

Questions:

1. What is one positive effect of globalisation on Indian agriculture?
   • A. Decline in crop diversity
   • B. Introduction of new farming techniques
   • C. Reduced access to international markets
   • D. Decreased production efficiency
2. What challenge do Indian farmers face due to globalisation?
   • A. Increased support prices
   • B. Greater vulnerability to international market fluctuations
   • C. Improved agricultural practices
   • D. Enhanced bargaining power
3. Which of the following is a result of increased competition in agriculture?
   • A. Higher prices for crops
   • B. Improved quality and yield
   • C. Monopolisation of farming
   • D. Decline in technology use
4. How has globalisation changed agricultural trade in India?
   • A. It has restricted exports
   • B. It has opened new markets for Indian products
   • C. It has eliminated foreign imports
   • D. It has focused solely on local trade

Case Study 5: Cultural Exchange and Globalisation

Context:
Globalisation has facilitated cultural exchange, allowing Indian culture to influence and be influenced by global trends. This interaction has enriched Indian society, leading to changes in lifestyle, consumption patterns, and cultural practices.

Questions:

1. What is one effect of cultural exchange due to globalisation?
   • A. Isolation from global influences
   • B. Enrichment of local culture
   • C. Decline in traditional practices
   • D. Increased censorship
2. How has consumer culture in India changed due to globalisation?
   • A. Decrease in variety of products
   • B. Increased access to global brands
   • C. Limited exposure to international trends
   • D. Preference for local goods only
3. Which of the following is a positive outcome of cultural exchange?
   • A. Loss of cultural identity
   • B. Enhanced creativity and innovation
   • C. Resistance to foreign influences
   • D. Increased uniformity of cultures
4. What aspect of Indian culture has gained international recognition due to globalisation?
   • A. Traditional clothing only
   • B. Cuisine and music
   • C. Handicrafts only
   • D. Only religious practices