lips “Globalization is a threat or blessing”. The plus one commerce batch of (Name of school) conducted a debate on the topic Globalization is a threat or blessing on 16/08/2018 at 10.0 a.m with the ample guidance of our economics teacher. Our class was divided into two groups to cover the entire area of the topic. Each group presented relevant points to support their views. 

1. Arguments in favors of Globalization 

• As a result of globalization, the growth rate of the economy has gone up. Production of both agricultural and industrial sectors increased 
• As a result of globalization, export growth rate has increased, foreign direct investment has risen and the ratio of external debt to GDP has also fallen.
• Globalization will create pressures of competition which help in improving efficiency level 
• The New Economic Policy has helped to tide over the immediate balance of payments crisis 

2. Arguments against Globalization 

• Globalization process neglected the agricultural sector compared to other sectors 
• More dependence on foreign debt will put India into debt trap 
• The globalization process has given more importance to foreign technology. 
• This will hurt indigenous know-how T
• he globalization has encouraged the production of comforts and luxuries