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Question 242 Case Study 2017 Medium MCQ +1.00 marks
Economic liberalisation and globalisation have put pressures on Indian industry, particularly on the service sector, to offer quality products and services at low costs and with high speed. Organisations have to compete with unequal partners from abroad. It is well recognised that developing countries like India are already behind other countries technologically. In many areas, although some of them, particularly India, boast of huge scientific and technical manpower. In addition to this, if an entrepreneur or industrialist has to spend a lot of his time, money and energy in dealing with unpredictable services in negotiating with the local bureaucracy, it can have a significant dampening effect on business.
Examine the following inference in the context of the passage and decide its degree of truth or falsity. Inference: Indian service industry was more comfortable before economic liberalization.

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