Liberalisation, Privatisation, and Globalisation An Appraisal

Give an example each of nationalised bank, private bank, private foreign bank, FII and a mutual fund.

Visit a bank in your locality with your parents. Observe and find out the functions it performs. Discuss the same with your classmates and prepare a chart on it.

Find out from your parents if they pay taxes. If yes, why do they do so and how?

Prepare a chart consisting of a list of five companies that have BPO services in India, along with their turnover.

Did you attend online classes or watched videos of your teachers or any other teacher taking classes during the last year through television, mobile phone or computers due to Covid 19 Pandemic? Share your experiences related to information technology.

Is employment in call centres sustainable? What kinds of skills should people working in call centres acquire to get a regular income?

If the multinational companies outsource many services to countries like India because of cheap manpower, what will happen to people living in the countries where the companies are located? Discuss.

Some scholars question the usefulness of India being a member of the WTO as a major volume of international trade occurs among the developed nations. They also say that while developed countries file complaints over agricultural subsidies given in their countries, developing countries feel cheated as they are forced to open their markets for developed countries but are not allowed access to the markets of developed countries. What do you think?

In the previous chapter, you might have studied about subsidies in various sectors, including agriculture. Some scholars argue that subsidy in agriculture should be removed to make the sector internationally competitive. Do you agree? If so, how can it be done? Discuss in class.

What could be done to farmers like Mahadeva from incurring losses? Discuss in the class.

Do you think the power tariff should not be raised?

What would be your suggestions to revive small industries affected by reforms?

Why were reforms introduced in India?

Why is it necessary to became a member of WTO?

Do you think outsourcing is good for India? Why are developed countries opposing it?

India has certain advantages which makes it a favourite outsourcing destination. What are these advantages?

Do you think the navaratna policy of the government helps in improving the performance of public sector undertakings in India? How?

What are the major factors responsible for the high growth of the service sector?

Agriculture sector appears to be adversely affected by the reform process. Why?

Why has the industrial sector performed poorly in the reform period?