Globalization refers to increasing global connectivity and integration across economic, social, technological, cultural, political and environmental spheres. It has led to a rise in international trade, capital flows, world output and consumption, and the development of global financial and telecommunications systems. In India, globalization has increased international trade as a proportion of GDP to 24% by 2006 from 6% in 1985. It has also boosted India's exports and foreign direct investment, though its current account balance has remained negative.
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Globalization Best Ppt With Complete Data Till Date
Globalization refers to increasing global connectivity and integration across economic, social, technological, cultural, political and environmental spheres. It has led to a rise in international trade, capital flows, world output and consumption, and the development of global financial and telecommunications systems. In India, globalization has increased international trade as a proportion of GDP to 24% by 2006 from 6% in 1985. It has also boosted India's exports and foreign direct investment, though its current account balance has remained negative.
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Globalization refers to increasing global connectivity and integration across economic, social, technological, cultural, political and environmental spheres. It has led to a rise in international trade, capital flows, world output and consumption, and the development of global financial and telecommunications systems. In India, globalization has increased international trade as a proportion of GDP to 24% by 2006 from 6% in 1985. It has also boosted India's exports and foreign direct investment, though its current account balance has remained negative.
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Téléchargez comme PPT, PDF, TXT ou lisez en ligne sur Scribd
economic, social, technological, cultural, political, and ecological spheres. Trends associated with globalization
• Increase in international trade at a faster rate
• Increase in international flow of capital including foreign direct investment • Increase in world production and output and consumption • Development of global financial systems • Development of global telecommunications infrastructure The Indian Economy and
Indian markets rapid transformations
Production across countries
Interlinking production across countries Foreign trade and integration of markets Impact of Globalization in India Trade
• International trade as a proportion of GDP reached 24% by 2006, up from 6% in 1985
• India's exports were stagnant for the first 15 years after independence, due to the predominance of tea, jute and cotton manufactures, demand for which was generally inelastic. • India is a founding-member of General agreement on tarrifs and trade (GATT) since 1947 and its successor, the World Trade Organization. • India's balance of payments on its current account has been negative. Since liberalisation in the 1990s , India's exports have been consistently rising. • Foreign direct investment in India has reached to US $19,379 til november 2009