alleryGlobalisation has been particularly painful for
Ahighly skilled IT professionals
BMNC executives
Csmall producers who cannot compete with cheap imports
Downers of large factories
Answer & Solution
Correct answer: C. small producers who cannot compete with cheap imports
1. Small producers (toy-makers, garment workers) faced competition from cheap imports.
2. Many lost livelihoods as MNCs and large firms outcompeted them.
3. Skilled IT workers and MNC executives benefited disproportionately.
_Source: syllabus Understanding Economic Development, Ch 4 "Globalisation and the Indian Economy"_
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