Question

Which of the following points indicate the negative impact of LPG policy?

Options

• Neglect ofagriculture

• Urban concentration of growth process

• Economic colonialism

• All of the above

Answer 1

All of the above

Explanation:

LPG policies have a negative influence.

1. Neglect of agriculture:
   The industrial sector has grown significantly, which has contributed significantly to GDP growth. The focus switched from agriculture to industries as a result of LPG policies. As a result, the rate of agricultural growth has slowed.
2. Urban concentration of growth process:
   LPG policies have caused the growth process to concentrate in metropolitan areas. Consider any multinational corporation; you will find little sign of it in the country's rural sections. All MNCs are concentrating their efforts in urban regions, where they can find conductive infrastructure.
3. Economic colonialism:
   India has been through over 200 years of political turmoil. colonialism during the British occupation Now While multinational corporations (MNCs) dominate the Indian market, We might experience some form of economic downturn. colonisation. Implying a situation where MNCs are exploiting the Indian markets to sell their products.