CUET Preparation Today
| What has been the impact of globalization on income distribution in India? |
Increased income and quality of consumption for all income groups Concentrated growth and benefits for high-income groups Equal distribution of income among different sectors Significant improvement in income for rural areas |
| Concentrated growth and benefits for high-income groups |
| Studies indicate that the income and quality of consumption have increased predominantly for high-income groups due to globalization. Growth and benefits have been concentrated in select sectors, such as telecommunications, information technology, finance, entertainment, and trade, while vital sectors like agriculture and industry, which provide livelihoods to millions, have not received comparable benefits. |
