globalization of the Indian economy has come a long way. Now there is
greater choice before the consumers, who now enjoy improved quality and lower prices for several
products. we people are enjoying much higher standards of living than they enjoyed earlier. In this way,
globalization has benefited well off consumers and also producers with skill, education and wealth or money.
But the other side of the picture is not very bright. Flexibility in labour laws has worsened the
conditions of workers because they are appointed on non-regular basis to avoid facility of provident
fund and other facilities. Workers work extra hours of work and they receive no payment for this.
Small producers have also suffered from globalization because they are unable to compete with
MNCs. i hope this is the answr of this qstn