impact of globalisation on india pdf
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Indian economy had experienced major policy changes in early 1990s. The new economic reform, popularly known as,Liberalization, Privatization and Globalization(LPG model) aimed at making the Indian economy as fastest growing economy and globally competitive. The series of reforms undertaken with respect to industrial sector, trade as well as financial sector aimed at making the economy more efficient.
Now that India is in the process of restructuring her economy, with aspirations of elevating herself from her present desolate position in the world, the need to speed up her economic development is even more imperative. And having witnessed the positive role that Foreign Direct Investment (FDI) has played in the rapideconomic growth of most of the Southeast Asian countries and most notably China, India has embarked on an ambitious plan to emulate the successes of her neighbors to the east and is trying to sell herself as a safe and profitable destination for FDI.
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Now that India is in the process of restructuring her economy, with aspirations of elevating herself from her present desolate position in the world, the need to speed up her economic development is even more imperative. And having witnessed the positive role that Foreign Direct Investment (FDI) has played in the rapideconomic growth of most of the Southeast Asian countries and most notably China, India has embarked on an ambitious plan to emulate the successes of her neighbors to the east and is trying to sell herself as a safe and profitable destination for FDI.
hope it helps you mark it as brainliest........
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Globalization is the process of countries becoming interdependent and interconnected. We can also say that GLOBALIZATION is the process by which the people of the world function together by unifying themselves into a single society. It is a combination of economic, technological, sociocultural, and political forces. It is a new buzzword that has come to dominate the world. The path to progress and prosperity now lies in globalization.
The impacts of globalization on India are :
•India is a developing country and it have small businesses which suffer because they are not able to cope up with the increased competition from global market.
•India has got increase in employment opportunities due to globalization.
•The seperate cultural identities of India are lost. The people start adopting cultures of developed countries which seems to them as more civilised.
HOPE IT WILL BE HELPFUL TO YOU DEAR.
Hope Brainly is helping you.
Thanl you for asking this question.
Herae is the required answer : -
Globalization is the process of countries becoming interdependent and interconnected. We can also say that GLOBALIZATION is the process by which the people of the world function together by unifying themselves into a single society. It is a combination of economic, technological, sociocultural, and political forces. It is a new buzzword that has come to dominate the world. The path to progress and prosperity now lies in globalization.
The impacts of globalization on India are :
•India is a developing country and it have small businesses which suffer because they are not able to cope up with the increased competition from global market.
•India has got increase in employment opportunities due to globalization.
•The seperate cultural identities of India are lost. The people start adopting cultures of developed countries which seems to them as more civilised.
HOPE IT WILL BE HELPFUL TO YOU DEAR.
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