Which of the following statement (s) is/are correct?

Statement 1: The process of globalisation through deregulation of industrial sector and foreign exchange reforms has produced positive as well as negative results for India.

Statement 2: Some scholars argue that globalisation should be seen as an opportunity in terms of greater access to global markets, high technology and increased possibility of large industries of developing countries to become important players in the international arena.

Only Statement 2 is correct.

The process of globalisation has produced positive, as well as, negative results both for India and other countries. Some scholars argue that globalisation should be seen as an opportunity in terms of greater access to global markets, high technology and increased possibility of large industries of developing countries to become important players in the international arena.

Deregulation of industrial sector and foreign exchange reforms are part of liberalisation and not globalisation.