Short Answer Type“In Indian nationalism, the dominant trend was marked by an inclusive and a democratic
vision.” What do you understand by the words ‘inclusive’ and ‘democratic’ in this
statement?
Long Answer TypeDiscuss the changes that have emerged in Indian industries after globalisation and liberalisation.
Following are the changes that have emerged in Indian industries after globalization and liberalization:
1. The government of India has initiated the policy of liberalization since 1990s. Accordingly, private companies and foreign firms are being encouraged in those sectors which were earlier reserved for the government such as telecom, civil aviation and power etc.
2. The impact of liberalization and globalisation can also be felt in retail. Presently, the government is trying to sell its share in many public sector companies. This process is termed as disinvestment. However, the issue of job security has become sensitive.
3. Due to liberalization and globalization, several Indian companies have been bought over by the MNCs. On the other hand some Indian companies have become MNCs.
4. The secure employment in large industry is also decreasing. There is a big gap between industries and their capacity to provide employment. The policy of land acquisition for industries has its own dimensions.
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