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International Business
December 2023 Examination
Q1. In our country many products from China dominate our
markets and have made production unprofitable for Indian manufacturers. In your
opinion should we allow the entry of Chinese products in our country? (10 Marks)
Ans 1.
Introduction
The
globalization era has ushered in a wave of interconnectedness, where products
from one corner of the world can easily find their way to another. One such
dominant force in the global market is China, often dubbed as the "world's
factory." With its vast manufacturing capabilities, China has managed to
export a plethora of products worldwide, including India. The influx of Chinese
products in the Indian market has been a topic of debate for policymakers,
economists, and the general public alike. On one hand, Chinese products, known
for their affordability and variety, have found a vast consumer base in India.
They cater to a wide range of needs, from electronics to toys, and from home
appliances to
Q2. Countries like US have at times stated “America First” as
their policy. Do you consider that our country should adopt “India First”
policy? In this context, explain how countries can create barriers to promote
their own products. (10 Marks)
Ans 1.
Introduction
In an era of
globalization, where the world is more interconnected than ever, the idea of
prioritizing one's own nation over others has gained traction in various
countries. The "America First" policy, as advocated by the U.S., is a
prime example of this nationalist approach. It emphasizes the importance of
prioritizing national interests, economic self-reliance, and
self-sustainability. Similarly, the question arises: Should India adopt an
"India First" policy? As the world's
Q3. Read the following case study carefully and then answer
the questions that follow:
A BBC anchor remark on India while discussing ISRO's historic
lunar mission - Chandrayaan-3. The anchor asked question to a person who was
reporting from India - whether India should really be spending money on a space
program the size of Chandrayaan-3
in the wake
of poverty in
the nation. He
claimed much of
India's population lives in poverty and over 700 million Indians don't
have access to a toilet.
An Indian Industrialist tweeted that a large part, our
poverty was a result of decades of colonial rule, which systematically
plundered the wealth of an entire subcontinent. Yet the most valuable
possession we were robbed of was not the Kohinoor Diamond but our pride &
belief in our own capabilities.
Ironically India is home to the largest number of hungry
people. Around 213 million go hungry and are malnourished people as they do not
get proper two meals a day. Food distribution channels are weak and about 10 %
of the stored food grains is being wasted and eaten up by rats and birds while
human population is deprived of food.
a) Explain whether
India should continue
to fund space
programs, and do International business in space
technology to other countries, or invest in making of Toilets? (5 Marks)
Ans 3a.
Introduction
India's space
endeavors, epitomized by the Chandrayaan-3 mission, have often been juxtaposed
against the backdrop of its socio-economic challenges. The debate centers
around the allocation of resources: should a nation with significant poverty
and infrastructural challenges invest in ambitious space programs? This
question touches upon the broader
b) Explain whether India should continue to export food
grains to various other countries? (5 Marks)
Ans 3b.
Introduction
India, often
referred to as the 'granary of the world', has been a significant exporter of
food grains. While the country boasts of abundant agricultural produce, it
simultaneously grapples with issues of hunger, malnutrition, and food wastage.
This dichotomy raises a pertinent question: Should India continue exporting
food grains to other countries when there are
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