(a) (i) “Globalisation has been a process for India with only positive results.” Defend or refute the given statement with valid explanation. (ii)…

The given statement is refuted. The process of globalisation has produced positive as well as negative results for the Indian economy. With the creation of a borderless world, the Indian economy has greater access to global markets and latest technology. On the contrary, globalisation made it easier for developed countries to expand their markets in other countries, compromising the welfare of people belonging to these countries. Consequently, it has also widened the economic disparities among nations and people.

No. The goal of equity in agriculture was not fully served by the abolition of intermediaries, as in some areas the erstwhile zamindars continued to own large areas of land by making use of the loopholes in the legislation. There were cases where tenants were evicted and the land owners claimed to be self-cultivators. Even when the tillers got ownership of land, the poorest of the agricultural labourers did not benefit from land reforms.

The introduction of farm subsidies had been an opinionated step taken by the Government of India.

Arguments in favour of continuing farm subsidies:

Arguments against farm subsidies:

Small Scale Industries (SSIs) have played a significant role in the growth journey of India. SSIs require less capital and are highly labour intensive. Thus, in a labour-abundant economy like India, they have generated employment opportunities in both rural and urban areas. To support these industries, the production of some goods was reserved and were also given concessions like lower excise duty and bank loans at lower interest rates.