GLOBALISATION

Flow of content
Introduction
Globalisation
Integration of economies
Aspects of globalisation
Dimensions of globalisation
Reason for globalisation
Advantages and disadvantage
Globalisation of Indian economy
Major policy changes
Impact of globalisation:- Positive and Negative
Conclusion
Introduction
The modern world is seen as the world without
geographical boundaries and any kind of barriers.
Globalisation has been the major force behind this.
Globalisation is the integration of the world
economy and exchanging the ideas, products,
technologies etc.
The globalisation hit India late but had huge impact
on the nations economic policies and various other
aspects.
 Globalisation
Globalisation is the process of international
integration arising from th interchange
e of world
views, products, ideas, and other aspects
• of culture.
Globalisation means rapid increase in the share of
economic activities taking place across national
borders.
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
markets in finance
Aspects of globalisation
Trade and transactions

Capital and investment

movement

Migration

Dissemination of
knowledge
Dimensions of globalisation
Economic globalisation

Political globalisation

Cultural globalisation

Ideological globalisation
Reasons for globalisation
Better resources

Low cost of production

Dilution of the local mark et

Operating internationally

Market expansion

Increased profit
 Globalisation…
The good
• The bad
Increased
productivity Takeover of national
firms
High standards of
living Brings instability
Increase flow of Impact on traditional
foreign capital industries
Increased Affects small
competition industries
Increase in the Widens disparity
foreign trade
Cultural impact
Induce domestic
Indian economy adopted
the policy of restriction
after the independence.
But in 1991 due to the
economic crises the
government of India
decided to open its market
for the foreign
investments.
The new economic
policies adopted had
impact on every sector of
the Indian economy.
Major policy changes
Licence abolishing
Dilution of MRTP act
Foreign investment encouraged
Fiscal reforms
External sector reforms
Outward looking policy
Public sector reforms
Impact of globalisation
Rapid growth of
business.
Opportunity to go
global.
Introduction of various
new technology.
Rise in access of
technology in rural
area.
New technology in the
agriculture
Literate farmers
Rise in the literacy rate
Impact of globalisation
Disparity in the society
Ethical responsibility of
business has been
diminished.
Price hike of every daily
usable commodities.
The local business has
perished
High growth but problem
of unemployment.
Affected the agriculture
sector
Conclusion
Globalisation had increased the trade of products,
ideas, technologies etc. and created the world
without boundaries but it also had some negative
impact on the developing countries.
Flowing with globalization ,India is shining in nearly
every Prospects. 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.
Thankyou