Let us make an in-depth study of the Impact of Globalisation on Indian Economy. No country can afford to remain isolated. Before 1990s, India followed an inward-looking strategy or import substitution of growth rather than outward growth strategy. The economic reforms were introduced in 1991 in the wake of macroeconomic crises. These reform measures sought to improve the efficiency of [...]
Let us make an in-depth study of the Ingredients of Globalisation of Indian Economy. Globalisation refers to the closer integration of the world economy resulting from the channels of increased international trade, investment, finance and multi-country production networks of MNCs. In 1991, a new era of Indian economic history began. She started her journey in 1951 with a mixed economy [...]
Let us make an in-depth study of the Globalisation:- 1. Meaning of Globalisation 2. Arguments in Favour of Globalisation 3. Arguments Against Globalisation. Meaning of Globalisation: Globalisation is a process of increasing integration and growing economic 'interdependence' of countries worldwide. It refers to "the expansion of economic activities across political boundaries of nation states." Its important attribute is its increasing [...]