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प्रश्न
What changes did globalization and liberalization introduce in the Indian industrial society?
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उत्तर
- Private companies, especially foreign firms, are encouraged to invest in sectors earlier reserved for the government, including telecom, civil aviation, power, etc.
- Licenses are no longer required to open industries.
- The government is trying to sell its share in several public sector companies, a process which is known as disinvestment.
- Some Indian companies are becoming multinational companies.
- Many Indian companies - small and large, have been bought over by multinationals.
- Companies are reducing the number of permanent employees and outsourcing their work to smaller companies or even to homes.
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