Question:
Which sector has benefitted the least by the policy of globalization?
Which sector has benefitted the least by the policy of globalization?
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Mnemonic: “\textbf{S–M–A ladder}” — Services climbed highest, Manufacturing mid, Agriculture lowest.
Updated On: Oct 18, 2025
- Agriculture
- Service
- Manufacturing
- None of these
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The Correct Option is A
Solution and Explanation
Step 1: Understand effects of globalization in India (post-1991).
Service industries (IT/ITeS, finance, telecom) integrated rapidly with global markets and grew fast; manufacturing gained moderately; agriculture faced price volatility and limited integration.
Step 2: Compare sectoral gains.
Service $\gg$ Manufacturing $>$ Agriculture in terms of benefits.
Step 3: Evaluate options.
Agriculture shows the least net benefit due to small landholdings, infrastructure gaps, and exposure to global price shocks.
Step 4: Conclusion.
Therefore, (A) Agriculture.
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