PREPARED BY – SHASHANK BANSAL

GAURAV SHARMA

Globalization is arguably the most important factor currently shaping the world economy.  Although it is not a new phenomenon (waves of globalization can be traced back to the 1800s) the changes it is bringing about now occur far more rapidly, spread more widely and have a much greater business, economic and social impact than ever before.

Globalization

CONTENTS

GLOBALIZATION

• What is Globalization?

Impacts Of Globalization

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• MEASURES TAKEN BY INDIA INDIA

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What Is Globalization?

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Globalization means integrating the national economy with the world economy through removal of barriers on international trade and capital movements.

Globalization

MEASURES TAKEN BY INDIA IN THE DIRECTION OF GLOBALIZATION

Import liberalization though reduction in import tariffs and removal of quantitative restriction on imports.

Export promotion through wide range of incentives.

Simplification and standardization of import and export procedures and documentation.

Liberalization of norms for entry of MNC’s and forign direct investment.

Liberalization of foreign exchange management regime.

Greater freedom to foreign institutional investors to participate in the money and capital markets of the country.

Strengthening of trade infrastructure including ports.

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Globalization

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Globalization

IMPACT OF GLOBALIZATION

INCREASING COMPETITION MORE DEMANDING CUSTOMERS RAPIDLY CHANGING

TECHNOLOGICAL ENVIRONMENT NECESSITY FOR CHANGE NEED FOR DEVELOPING HUMAN

RESOURCE MARKET ORENTATION LOSS OF BUDETARY SUPPORT

TO THE PUBLIC SECTOR

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Globalization

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