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 The bad
 Increased  Takeover of national
productivity firms
 High standards of  Brings instability
living  Impact on traditional
 Increase flow of industries
foreign capital  Affects small
 Increased industries
competition  Widens disparity
 Increase in the  Cultural impact
foreign trade
 Induce domestic
 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
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.