Economics
Should producers such as Ravi stop production because their cost of production is higher compared to producers in other countries? What do you think?
Related Questions
In Chapter 1, we saw what may be development for one may be destructive for others. The setting of SEZs has been opposed by some people in India. Find out who are these people and why are they opposing it.
What are the ways in which Ravi’s small production unit was affected by rising competition?
Recent studies point out that small producers in India need three things to compete better in the market
(a) better roads, power, water, raw materials, marketing and information network
(b) improvements and modernisation of technology
(c) timely availability of credit at reasonable interest rates.
- Can you explain how these three things would help Indian producers?
- Do you think MNCs will be interested in investing in these? Why?
- Do you think the government has a role in making these facilities available? Why?
- Can you think of any other step that the government could take? Discuss.
In what ways has competition affected workers, Indian exporters and foreign MNCs in the garment industry?