Choose the given statement is true/false:

Globalisation is helping India to develop its economy.

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True

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Detailed Solution

The above statement is true.
The emergence of foreign companies and economic growth have resulted in job creation. However, these jobs are more concentrated in the service sector, which has led to rapid growth in the service sector, which poses problems for those with low levels of education. The past decade is known for its rising unemployment rate because jobs were created out of proportion to economic growth. Globalisation has brought about a boom in the consumer goods market. More choices for consumers. Unlike when there were only a few manufacturers, now we have a wide variety of items to choose from. Urbanites with high-paying jobs have more disposable income to spend on groceries. This has increased the demand for products like meat, eggs, beans, and organic foods. It also causes the protein to swell.

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