GLOBALISATION

Presented by:-

Alifiya Lakdawala (10)

Mansi Shah (32)

Vaibhav Sanghavi (29)

Sanket Vyas (55)

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 the

interchange 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 market

Operating internationally

Market expansion

Increased profit

Globalisation…

The good

Increased

productivity

High standards of

living

Increase flow of

foreign capital

Increased

competition

Increase in the

foreign trade

Induce domestic

firms to improve

The bad

Takeover of national

firms

Brings instability

Impact on traditional

industries

Affects small

industries

Widens disparity

Cultural impact

Globalisation of Indian

economy 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

and quality of

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.