Presented by:

Jinal Kamani(A042)

Tejal Kocharekar (A041)

Arpit Trivedi (A040)

Globalization is the process of international integration arising

from the interchange of world views, products, ideas, and other

aspects of culture.

Advances in transportation and telecommunications infrastructure,

including the rise of the telegraph and its posterity the Internet, are

major factors in globalization, generating further interdependence of

economic and cultural activities.

Globalization has brought in new opportunities to developing

countries.

Greater access to developed country markets and technology

transfer hold out promise improved productivity and higher living

standard.

India’s economic growth has been substantially high and India has

become progress vibrant and nationally competitive.

This urged to study the performance of India in this fiscal year due

to the initialisation of globalisation

Globalization is the new buzzword that has come to dominate the

world since the nineties of the last century with the end of the cold

war.

The frontiers of the state with increased reliance on the market

economy and renewed faith in the private capital and resources.

A process of structural adjustment spurred by the studies and

influences of the World Bank

To understand the meaning of globalization.

To analyse the Economic performance and growth of India due to

globalization in the current pace.

To analyse the pleasant and unpleasant side of globalization.

To analyse the pitfalls of globalization.

To estimate the future of the Indian economy.

Major measures initiated as a part of the liberalization and

globalization strategy in the early nineties included the following:

Disinvestment

Devaluation

Dismantling of The Industrial Licensing Regime

Allowing Foreign Direct Investment

Non Resident Indian Scheme

Throwing Open Industries Reserved For The Public Sector to

Private Participation

Abolition of the (MRTP) Act

The removal of quantitative restrictions on imports.

The reduction of the peak customs tariff

Globalization has been only a one-way process that is foreign

enterprises has found a Favourable way to do business in India

since Independence.

Foreign companies have invested in India only when the policies of

the GOI have favoured either the market seeking or the efficiency

seeking objectives of the foreign firms.

The foreign firms have either left India or critiqued India otherwise.

The foreign companies and the governments of other nations have

to recognize and respect the need for both Globalization of India

and globalization in India in order to ensure that the globalization

process takes off in a balanced and sustained manner.

Globalization Liberalization

Globalization in trade is also

called 'one global market

place' where a consumer .

Does not have to restrict their

purchases to one

country/economy and can

enjoy the benefits of the goods

and services produced

worldwide.

Liberalization, though

similar to globalization, is

more focused on the local

economy it generally refers

to the removal of

restrictions; usually

government rules and

Regulations imposed on

social, economic, or political

matters.

Liberalization maybe trade,

social, economic, or capital

market related.

Globalization Liberalization

Globalization relates to

activities among countries and

results in interdependence and

interaction among countries

and facilitates the movement

of goods and services, capital,

individuals, knowledge,

technology

Liberalization generally relates

to activity within a certain

country as a result of

modernization and

development.

Multilateral agreements in trade, taking on such new agendas as environmental and social conditions.

New multilateral agreements for services ,Intellectual properties, communications, and more binding on national governments than any previous agreements.

Market economic policies spreading around the world, with greater privatization and liberalization than in earlier decades.

Growing global markets in services. People can now execute trade services globally -- from medical advice to software writing to data processing , that could never really be traded before

As India has a consumer base of 1.14 billion people.

India is the 3rd largest global telecom market. The mobile

subscriber base has grown from 0.3 Million in 1996 to over 250

million currently.

India is the world’s:

• 2nd largest two-wheeler market,

• 4th largest commercial vehicle market

• 11th largest passenger car market.

Expected to be the 7th largest automobile market by 2016

Access to television grew from 20% of the urban population (1991)

to 90% of the urban population (2009).

Even in the rural areas satellite television has a grown up market.

In the cities Internet facility is everywhere .Extension of internet

facilities even to rural areas.

Global food chain /restaurants has already found a huge market in

the urban areas of India.

Lavish Multiplex movie halls, big shopping malls and high rise

residential are seen in every cities.

Telecommunication and Software Industries are booming in India.

Entertainment sector in India has a worldwide market

Bollywood movies are distributed and accepted worldwide. Big international companies(Walt Disney,20th Century Fox , Columbia Pictures) are investing on this sector.

Famous International brands(Armani, Nike, Omega etc.)are investing in the Indian market with the changing of fashion statement of Indians.

Agriculture acquired 17% of India’s GDP in 2008.

60% of population still depends on agriculture for their livelihood.

Occupied 43% of India’s geographical areas.

Agriculture Scientists are applying new technologies and

instruments in growing crops.

Different state governments of India are taking initiative to literate

the farmers.

Globalization has led to exploitation of labour. Prisoners and child workers are used to work in inhumane conditions. Safety standards are ignored to produce cheap goods.

Job insecurity. Earlier people had stable, permanent jobs. Now people live in constant dread of losing their jobs to competition. Increased job competition has led to reduction in wages and consequently lower standards of living.

Terrorists have access to sophisticated weapons enhancing their ability to inflict damage.

Terrorists use the Internet for communicating among themselves.

Developed nations have outsourced manufacturing and white collar jobs. That means less jobs for their people

Companies have set up industries causing pollution in countries with poor regulation of pollution.

Fast food chains like McDonalds and KFC are spreading in the developing world. People are consuming more junk food from these joints which has an adverse impact on their health.

Bad aspects of foreign cultures are affecting the local cultures through TV and the Internet.

Deadly diseases like HIV/AIDS are being spread by travellers to

the remotest corners of the globe.

Local industries are being taken over by foreign

multinationals.

The increase in prices has reduced the government’s ability to

sustain social welfare schemes in developed countries.

There is increase in human trafficking.

Multinational Companies and corporations which were

previously restricted to commercial activities are increasingly

influencing political decisions.

Flowing with globalization ,India is shining in

nearly every precepts.

India is getting a global recognition and slowly

moving towards to become a major economic and

political strength.

Though the development is progressing rapidly,

still many basic problems like rural poverty,

corruption and political instability remained

unsolved

Thank you!