Q13 of 33 Page 1

Explain any four negative consequences of globalisation for the people of India.

Four negative consequences of globalization for the people of India are:

1. There were many farmers who purchased expensive seeds from the MNC’s , committed sucide due to failure of crops.


2. Gradually the MNC’s started acquiring the Indian market raised competition and led to unemployment.


3. The small retailers were threatened that these MNC’s would bring instability in the market and they would loose their livelihood


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