Democracy values every individual’s dignity and freedom. It allows people to express opinions freely, choose their leaders and live with equality and respect, unlike authoritarian systems where such rights are often suppressed.
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MNCs bring investment, technology and employment to India. They promote exports and global business links. However, they may dominate local markets, reduce small-scale businesses and repatriate profits. Overall, MNCs impact both growth and competition.
India currently holds the fifth position in the world in terms of GDP, following the USA, China, Japan and Germany. This highlights the rapid economic growth of India and its rising contribution to global production and trade. The correct answer ...
India’s mineral resources support industrial growth by providing essential raw materials. Iron ore aids steel production, bauxite supports aluminium industries, and coal powers factories. These minerals help develop automobiles, machinery, construction, and energy sectors, strengthening the country’s industrial base.
The ratio of employment in the primary sector is high because many people depend on agriculture and related activities, even when less labour is required. This leads to underemployment, where more workers share limited work, reducing productivity and income levels. ...