globalization in india

Globalization in India

Presented by:Narender singhNeha kumariYash Ramkar BBA 2nd sem(A)

* Introduction

*History

*In early nineties .

*India’s import and export .

* introduction of economic reforms .

*L.P.G

Liberalization

Privatization

Globalization

*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.

*Impacts of Globalization

*Economic Impact

*Social impact

*cultural impact

*Industrial impact

*Investment impact

*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.

*Social impact

*The free flow of Information .

*liberalized our attitudes, reduced our biases and predispositions .

*Diluted the inhibitions.

*Experience of relevance .

Cultural impact

*Access to television :-

1991 10%

1999 75%

2009 90%

Urban population

*Industrial impact

* MNC’s in India.

* level of unemployment and poverty .

*demand has become homogeneous.

*competition in business world

*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

*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

*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

*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.

Conclusion