indian economy,IMF, GLOBAL

1. GLOBALIZATION AND ITS IMPACT
ON INDIAN ECONOMY:
A CONCEPTUAL STUDY
DR. NIYATI CHAUDHARY*
ASSISTANT PROFESSOR, PDM UNIVERSITY, BAHADURGARH,
JHAJJAR,HARYANA.
MS. JYOTI TRIPATHI**
STUDENT, MBA, PDM UNIVERSITY, BAHADURGARH, JHAJJAR,HARYANA.

2. INTRODUCTION
• According to Dr. Ismail Shariff “globalization is the worldwide process
of homogenizing prices, products, wages, rates of interest and profits.”
• Definition According to International Monetary Fund, which stresses
the growing economic interdependence of countries worldwide through
increasing volume and variety of cross- border transactions in goods
and services, free international capital flows, and more rapid and
widespread diffusion of technology.

3. OBJECTIVES OF THE STUDY
• The present study is an attempt to find out the perfect of
globalization on Indian economy .
• Analyzed the same by describing globalization as boon and
curse.
• Policy implications and suggestions for more development of
Indian economy was also discussed.

4. RESEARCH METHODOLOGY
• This research article is descriptive in nature.
• It is based on secondary data.
• Data has been taken from journals, websites and RBI
database.

5. EFFECTS OF GLOBALIZATION
• Globalization and the social sector
• Globalization and Indian Manufacturing
• Globalization, Wages and the Income Inequalities
• Globalization and Education
• Globalization and Environment
• Increase in Foreign Exchange Reserves
• Technological Development

6. GLOBALIZATION AS A BOON
The growth rate of GDP of India
• The GDP grew at 6.3 per cent in the second quarter of 2017-18
and is expected to grow at 7.27.5 per cent in the second half of
2017-18.
• Growth for 2018-19 is forecasted at 7.4 per cent by the
International Monetary Fund

7. THE FOREIGN EXCHANGE RESERVES OF INDIA
• Foreign Exchange Reserves in India decreased to 396680 USD
Million in January 18 from 397350 USD Million in the previous
week.
• Foreign Exchange Reserves in India averaged 219724.02 USD
Million from 1998 until 2019, reaching an all time high of 426080
USD Million in April of 2018 and a record low of 29048 USD
Million in September of 1998.

8. THE FOREIGN DIRECT INVESTMENT (FDI) IN
INDIA
• The Foreign direct investment (FDI) into India was declined by
11 per cent to USD 22.66 billion during April-September period
of 2018-19.
• Including computer software (18 percent), Service Sector (13
percent), Telecommunications (10 percent), and Transportation
industry (9 percent) etc.

9. FORBES LIST
• Despite a rout in the rupee that practically wiped out the Indian
stock market’s 14% rise from a year ago, tycoons on the 2018
Forbes India Rich List saw a modest gain in their combined
wealth to US$492 billion. Among the nation’s 100 richest, 11
saw their wealth jump by $1 billion or more.
• Oil and gas tycoon Mukesh Ambani remains at No. 1 for the
11th year in a row, with a net worth of $47.3 billion.

10. GLOBALIZATION AS A CURSE
• India is home to the largest number of child labourers in the
world.
• Agriculture sector is the backbone of the Indian economy.
• . Job and social insecurity
• Poverty and unemployment

11. POLICY IMPLICATIONS/SUGGESTIONS
• In the case of agriculture, if the FDI is allowed 100 percent in
multi-brand retail sector, then farmers can get remunerative
prices for their crop.
• To attract investors from different countries infrastructure,
Social as well as physical should be improved.
• The government has already set the ball rolling. It has relaxed
FDI norms to encourage both domestic and foreign companies
to manufacture in India sell their products abroad.

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