Question

B) explain the concept of globalization as a national policy with particular refrence to the policy initiative taken by government of india since 1991.

Answer 1

Heya....

In 1991 India adopt the policy of Globalization....

It is the system to integrate our economy with the economies of other countries...

It raise the importance of our country in front of other..

It raises our foreign exchange reserves..

@@ Particular reference of this policy was to set up international trade and to enhance the production level of our country...

Answer 2

Globalization is a process that encompasses the causes, courses, and consequences of transnational and transcultural integration of human and non-human activities.[1] India had the distinction of being the world's largest economy at the beginning of the Christian era, as it accounted for about 32.9% share of world GDP and about 17% of the world population. The goods produced in India had long been exported to far off destinations across the world;[2] the concept of globalization is hardly new to India.