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Research Journal of Humanities and Social Sciences
Year : 2017, Volume : 8, Issue : 3
First page : ( 351) Last page : ( 353)
Print ISSN : 0975-6795. Online ISSN : 2321-5828.
Article DOI : 10.5958/2321-5828.2017.00052.3

Impacts of Globalization on Indian Economy-An Overview

Bhardwaj Ravindra*

Research Scholar, Institute of Business Management, CSJMU, Kanpur

*Corresponding Author: Ravindra Bhardwaj, Research Scholar, Institute of Business Management, CSJMU, Kanpur. mr.ravindra_bhardwaj@rediffmail.com

Online published on 26 March, 2018.

Abstract

Globalization hints the arrangement of coordination of the world into one colossal market. It gives enormous chances to two or three individuals with expulsion of all exchange limits among nations. Globalization occurs through three channels: exchange things and associations, change of capital and stream of back. It is the present day renaissance that makes contemplations, stock, associations, exchange, headway and culture spread into the whole geology of the world accordingly transforming it into a general town. While globalization is a noteworthy scale contemplate and little scale attempts are a neighboring marvel yet having wide impacts as colossal as it's general ‘friend and foe’. Companion in light of the way that both globalization and little scale attempts are the two wheels of the vehicle of financial headway and succeeding; adversary since some battle that given the making country that India is, Small Scale Industries(SSIs) can proceed and strangulate to death by savage dispute set up by globalization. Globalization has incited a ‘Unequal Competition-a resistance between’ giant MNC's and minor individual Indian enterprises. The little scale zone is an essential constituent of general mechanical area of the nation and structures a general piece of Indian industry adding to a fundamental level of time, charges and business. The present review concentrate on the effect of globalization on headway rate, period and work in the pre and post globalized time on Indian Small Scale Industries.

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Keywords

Indian Economic growth, Globalization, liberalization, privatization, Employment, foreign export.

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