About Globalization and Globalization of India

1. Presentation on Globalization
Submitted to Dr. Pooja
(Assistant Professor)
University College of
Commerce & Management

2. Introduction ;
• The modern world is seen as the world
without geographical boundaries and any kind
of barriers. Globalization has been the major
force behind this.
• The globalization hit India late but had huge
impact on the nations economic policies and
various other aspects.

3. Globalization ;
• Globalization is the process of international
integration arising from the interchange of world
views, products, ideas, and others aspects of
culture.
• Globalization means rapid increase in the share
of economic activities taking place across
national borders.

4. Integration of Economics
• The increasing reliance of economies on each other
• The opportunities to be able to buy and sell in any
country in the world
• The opportunities for labour and capital to locate
anywhere in the world
• The growth of global markets in finance

5. Reasons for Globalization
 Better Resources
 Low cost of Production
 Dilution of Market
 Operating Internationally
 Market Expansion
 Increased Profit

6. Globalization
The Good The Bad
• Increased
Productivity
•High standards of
living
•Increase flow of
foreign capital
•Increased
competition
• Takeover of
national firms
• Affects small
industries
• Impact on
traditional
industries

7. Globalization of Indian
economy
• India economy adopted the policy of restriction after the
independence.
• But in 1991 due to the economic crises the government
of India decided to open its market for the foreign
investment.
• The new economic policies adopted had impact on every
sector of the India economy.

8. Major Policy changes
• License abolishing
• Dilution of MRTP act
• Foreign investment
encouraged
• Fiscal reforms
• External sector reforms
• Outward looking policy
• Public sector reforms

9. Conclusion
Globalization had increased the trade of
products, ideas, technologies etc. and
created the world without boundaries but it
also had some negative impact on the
developing countries.

10. By Gurjot Singh