THERE IS NO ALTERNATIVE TO

GLOBALISATION

Presented by:
Subham Kedia - 52
Suchita Banker - 53
Sumit Pradhan - 54
Sushil Anand - 55
Tarini Singla – 56
Globalization : An Introduction
 Integrating the economy with the other
countries.
 Free flow of trade & capital.
 Establish friendly relation among the business
organization & individuals.
 Opening of new world trade.
 Enhance the living standard of life.
 Globalization: Advantages
 World trade development.
 Internationalization of financial market.
 Growing importance of MNCs.
 Education, Science and Technology, better
medical facilities.
 Enhance the Employment Opportunity.
 Globalization is the new buzzword that has come to
dominate the world since the nineties of the last century.
 Globalization has brought in new opportunities to the
developing countries .
 It has thrown up new challenges like growing inequality
across and within nations.
 Globalization has opened up for foreign direct investments
and portfolio investments facilitating entry of foreign
investors in telecom ,roads,ports,airports,insurance and
other major sectors.
 Integration of Economies
 The increasing reliance of
economies on each other
 The opportunities to be able
to buy and sell in any
country in the world
 The opportunities for labour
and capital to locate
anywhere in the world
 The growth of global
Stock Markets are now accessible markets in finance
from anywhere in the world!
Copyright: edrod, stock.xchng
 http://www.bized.ac.uk

Corporate Expansion
• Multi-national or
trans-national
corporations
(MNCs or TNCs) –
businesses with a
headquarters in
one country but
with business
No matter where you go in the world, certain operations in a
businesses will always have a presence.
Copyright: mkeky, stock.xchng
number of others.

Copyright 2006 – Biz/ed

 Liberalization
 In context of India , Globalization is related with liberalization .
 Liberalization made a bid to reduce restrictions imposed by the government.
 Change in the Industrial Policy, Price Control, Financial Control, Invite FDI and
etc.
 New Industrial Policies after
librelization
 De-licensing of several industries.
 Removing restrictions & liberalizing Indian
companies to make foreign investment.
 Liberalizing in export & import.
 To establish Special Economic Zone (SEZ) for
export .
 GLOBALIZATION IN
SOFTWARE
After 1991 reforms, when we changed our export policies,
India's software has become the brand name in U.S.A,
Canada & western European countries.

IT Industries- Wipro, Infosys,TCS, Satyam Computers,

Patni Computers.
Globalization in educational sector

Globalization has also entered in educational

sector. In Mumbai alone, there are 15 schools they
have adopted IB (international bacculerate) board.
Lots of foreign universities coming to India. Many
Indian B-schools are offering foreign degrees.
For eg- IIPM, S.P.JAIN MANAGEMENT
INSTITUTE ….etc
 Pharmacy industries
 The living expectation rate is going too high in
India because Pfisar , sanfio aventies are
selling their medicines in Indian markets.

 And not to forget indian medicine companies

are not behind in this field even we are one of
the biggest exporters of medicines
Globalization v/s Other alternatives
 Fully Capitalism.

 Communalism.

 Giving most favorites State status.

 Join any Regional Economic Group.

 Business within the boundaries.

 An overview of India's economy
after globalization
 $1.5 lakh crore moves in and out of financial
markets everyday.
 India has more billionaires than China. This
year there were 15 billionaires in China but
last year in India, there were 50 billionaires,
according to the Forbes magazine.
 India has emerged as the world's fastest
growing wealth creator, thanks to a buoyant
stock market and higher earnings.
 A number of Indian companies surpassed last year's net
profit in just six months of the current fiscal, reflecting an
accelerated growth in corporate earnings.
 Forty-four per cent of Top 100 Fortune 500 companies are
present in India.
 With its manufacturing and services sector on a searing
growth path, India’s economy may soon touch the coveted
10 per cent growth figure.
A. India's export and import in the year 01-02 was
to the extent of 32572 and 38362 million
respectively.
B. Agricultural exports account for about 13 to 18
% of total to annual exports of the country .
C. Cereals (mostly basmati rice) oil seeds, tea and
coffee are the other prominent products each of
which account for nearly 5 to 10% of the
countries total agricultural exports.
D. Marine product is also a large contributor to
the total export of the country.
 Globalization : Conclusion
 Now in the present scenario, Globalization is
a Panacea of economic growth of any country.
It equities living standards and business
opportunities for individuals and the
organizations. So Finally we can conclude that
there is no alternative for GLOBALIZATION.