1. RAJORSI PANJA
panjarajorsi@gmail.com
+919832916990/+919531699016

2. A PRESENTATION ON
“WORLD ECONOMY TODAY VISA-VIS INDIAN
POSITION”
THE UNIVERSITY OF BURDWAN
DEPARTMENT OF BUSINESS
ADMINISTRATION
MBA

3. MEANING OF GLOBALISATION
A Process of deepening economics integration,
increasing economic openness and growing
economic interdependence between countries in
the world economy.
From a economic point of view, globalisation
happens through three channels:
(i) Trade in goods and services
(ii) Movement of capital and
(iii) Flow of finance
(iv)LP i.e liberalisation, privation,

4. *Exchange Rate Adjustment and Rupee Convertibility-The
Government of India
*making two –step downward adjustment of 18-19 per
cent in exchange rate of the rupee on July 1 and 3,1991.
*
The peak import duty on non-agriculture goods is now only
10 per cent.
(i) Retail Trading
(ii) Atomic energy
(iii) lotttery business and
(iv) Gambling and betting

5. GLOBALISATION IN INDIA
*Globalisation in India is generally taken to mean
‘integrating’ the economy of the country with the
world economy.
*The real trust to the globalisation process was
provided by the new economic policy introduced by
the Government of India in July 1991 at the behest of
the IMF and the world Bank.
*The introduction of new industrial policy
*Allowing foreign investment and foreign direct
investment

6. Progression after globalisation
• The big story of the last decade for India has been its
arrival on the global leading situation
• The Indian economy had broken free of the low-growth
trap from the low level equilibrium trap
• Early 1980s. By the mid-1990s, following the economic
reforms of 1991-3, India from the first years of the
globalization.
• First decade of the 21st century there was no looking
back. India’s exports began to climb, its foreign
exchange reserves, which for decades had hovered
around 5 billion dollars, rose exponentially after the
economic reforms since 1991.
• In 2009, the Group of 20 (G-20) India was a significant
member of this global policy group.

7. GROWTH RATE OF GDP AFTER
GLOBALISATION(INDIA)
• The globalization of India has given rise to
new opportunities but it has also brought with it new challenges and
responsibilities.
Growth of the GDP (%)
• India economy
2010 9.9
Q1 9.4
Q2 8.8
Q3 8.9
Q4 8.3
2011 7.4
Q1 7.8
Q2 7.7
Q3 6.9
Q4 6.1
2012 (P) 7.0

9. GROWTH IN GDP(%)

12. GLOBALISATION IN INDIA
*Globalisation in India is generally taken to mean
‘integrating’ the economy of the country with the world
economy.
*The real trust to the globalisation process was provided by
the new economic policy introduced by the Government of
India in July 1991 at the behest of the IMF and the world
Bank.
*The introduction of new industrial policy
*Allowing foreign investment and foreign direct investment

13. EFFECTS OF GLOBALISATION IN INDIAN ECONOMY
The process of Globalisation in India has led to an
‘unequal competition’—a competition between
‘giant MNCs’ and ‘dwarf Indian enterprises’.
(i)The indian enterprise suffer from ‘size
disadvantages’ as they are just minuscules as
compared to the MNCs
(ii)The indian corporate sector for four decades prior
to 1991 operated in a protectionist environment
(iii)The cost of capital for indian business is much
higher than MNCs.

14. INDIAN ECONOMY
------ ITS DEVELOPMENT EXPERIENCE BY S.K.
MISRA & V.K.PURI
SILVER JUBILEE EDITION:2007
Organization for Economic Cooperation and Development
(OECD)Principal Global Indication and IMF WEO
Economic Survey 2012
IMF WEO Database
Data Source
BIBLIOGRAPHY
Reference Books
Website References
www.slideshare.com Search Date: 19.04.2014
www.wikipedia.com Search Date- 20.04.2014
www.elseviewer.com Search Date- 20.04.2014