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Change and Development in Industrial Society — Sociology STD 12 Humanities — Question

CBSE BoardEnglish MediumSTD 12 HumanitiesSociologyChange and Development in Industrial Society6 Marks
Question
Liberalisation and privatisation appear to be associated with inequality. Discuss.
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Answer

Liberalisation and privatisation appear to be associated with inequality –
  • Govt. has followed a policy of liberalisation.
  • Licenses are no longer required to open industries.
  • Indian companies have been bought over by MNCs.
  • Due to disinvestment, many companies are reducing permanent workers.
  • Benefitted certain sectors – IT, agriculture but other sectors like automobiles, electronics could not compete.
  • Decline in regular salaried employment and increase in contract labour is giving rise to income inequality.

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