Increasing Forex Reserves Indias Forex Reserves: 2001-08 (Till 14 March 2008) 350 306 300 250USD Billion 199 200 141 152 150 112 100 75 54 50 0 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 (Till 14 March 08) Source: Reserve Bank of India & India Brand Equity Foundation (IBEF)
IMPACT OF GLOBALISATION ON INDIA High growth in population but problem of unemployment. Need to generate 10 million jobs per year. Multi party rule, hence need to accommodate political ideology with economic reality. Inverse relation between foreign currency reserves & inflation.
EFFECTS OF GLOBALIZATION ON INDIAINDUSTRY The government of India made changes in its economic policy in 1991.
POSITIVE EFFECTS OF GLOBALIZATION IN INDIA INDUSTRY They brought in huge amount of foreign investments into the industry. Many foreign companies set up industries in India. Foreign companies brought in highly advanced technology.
NEGATIVE EFFECTS OF GLOBALIZATION ININDIA INDUSTRY Increased competitions. Reduced the amount of profit of the India industry companies. People loss their jobs.