analysis the impact of globalisation on different aspects of Indian economy
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Globalization is seen as a process defining the growing interdependence between various economies of the world. The term is also used specifically for economic globalisation which stands for aligning regional economies with the global economies through the vehicle of trade, FDI, flow of capital, technological advancement and also wide-scale migration. It was only after the economic liberalisation in 1991, Indian economy tasted freedom in real sense. The LPG Policy of 1991, had four basic premises:
Devaluation: Indian currency was devalued by 18-19%.
Disinvestment: Many public sectors were sold to the private sector
Allowing FDI: FDI was allowed in both in Insurance and Defence sector.
NRI Scheme: NRIs were given same benefits as FIIs.
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