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The present paper is an attempt to analyse the impact of global economic slowdown on the Indian economy in terms of growth rates of real Gross Domestic Product (GDP). " Foreign Direct Investment for Development,". The Indian economy is not immune to this all these factors had their impact on the Indian economy and the various sectors of the economy.
Organisation for Economic Co-operation and Development. It has also applied to many other countries in Latin America, Africa, and Asia, whose governments have embarked on substantial economic reform policies.Milken Institute. Question 7: How has liberalisation of trade and investment policies helped the globalisation process Answer. So at this stage, it is necessary to find the impact of globalization on Indian Economy. The term “transitional economy” has often been reserved for formerly communist states in Eastern Europe and the Soviet Union, or for a country such as South Africa since the end of apartheid. It has positive as well as a negative impact. for globalization as a beneficial set of processes has yielded to an understanding that the phenomenon is largely associated with increasing social inequality within and between countries as well as instability and conflict. Whether it is labour or employees, there are many people across the country looking for a job. India is the 2 nd most populated country in the world, is the home to many skilled and unskilled workers. Globalisation has opened doors for employment and job opportunities. This is due to potentially massive rescaling of the local/national market to global configurations. This is one of the most favourable impacts of globalisation in India. The premise of this chapter is that the embrace of liberalization by governments in formerly more closed national economies leads into a highly critical phase of national economic development. I focus in this chapter on one important dimension of the globalization process: the diffusion of a transnational liberal ideology. The globalisation of the Indian industry took place in its various sectors, such as steel, cement, retail, pharmaceutical, petroleum, chemical, textile, and BPO, which helps in providing employment. The new economic reform, popularly known as, Liberalization. enormous economic growth that Asian countries had, especially China and India. Indian economy had experienced major policy changes in early 1990s. Keywords: Economic impacts of globalization, International Investment. Some areas, however, are more integrated than others. The effect of globalization on Indian industry started when the government opened the country’s markets to foreign investment in the early 1990s. Impact of globalization on Indian economy- An overview. Of course, at the dawn of the twenty-first century, no world region is entirely detached from global developments.
The “margins” of the global political economy may be defined as those areas that are relatively disconnected from the world economy.