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Globalization in India
Presented by:Narender singhNeha kumariYash Ramkar BBA 2nd sem(A)
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* Introduction
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*History
*In early nineties .
*India’s import and export .
* introduction of economic reforms .
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*L.P.G
Liberalization
Privatization
Globalization
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*Definition
*Globalization can be defined as the process of change, increasing interconnectedness and interdependence among countries and economies, bringing the world closer through better world-wide communication, transport and trade links.
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*Impacts of Globalization
*Economic Impact
*Social impact
*cultural impact
*Industrial impact
*Investment impact
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*Economic impact
* access to global markets.
*access to quality goods and services .
*Access to global capital resources via the stock market and international debt.
*Access to technology.
* Increased access to better and qualitative education.
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*Social impact
*The free flow of Information .
*liberalized our attitudes, reduced our biases and predispositions .
*Diluted the inhibitions.
*Experience of relevance .
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Cultural impact
*Access to television :-
1991 10%
1999 75%
2009 90%
Urban population
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*Industrial impact
* MNC’s in India.
* level of unemployment and poverty .
*demand has become homogeneous.
*competition in business world
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*Investment impact
*Foreign direct investment in India has reached 2% of GDP in 2006, compared with 0.1% in 1990.
Share of top five investing countries in FDI inflows. (2000–2007)
Rank Country Inflows (Million USD)
Inflows (%)
1 Mauritius 85,178 44.24%
2 United States 18,040 9.37%
3 United Kingdom 15,363 7.98%
4 Netherlands 11,177 5.81%
5 Singapore 9,742 5.06% Source: FDI in India Statistics
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*Merits of Globalization
1. Imported goods are available.
2. The country can produce what it produces best and import the rest.
3 There is a feeling of an international economy.
4. Raw material is available.
5. The standard of life becomes better.
6. More jobs are created
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*Demerits of Globalization
1. Local industries get dislodged.
2. In times of war, there is a problem
3. There is political interference and conflicts arise
4. Under developed countries are exploited
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*Is Globalization Really Necessary?
*Integrates economic , socio-political, technological factors with world.
*Reduce the poverty level in the country.
*Invite foreign investment for industries and development.
*Reduce the barriers of foreign trade and international business.
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Conclusion
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