Largely positive. Globalization has brought many jobs and large sums of investment to India. India's economy has been growing at exceptional rates for the past several years and many new opportunities have opened up for India. Yet, India does remain quite poor. It's GDP per capita is less than $2,000, a fraction of the GDP per capita found in some Latin American and Eastern European nations. Most of those who profit from globalization in India are the upper classes, with many in the lower classes being displaced and suffering from miserable labor conditions. Nonetheless, globalization has created a large economic boom for India with largely positive effects
Globalisation
Globalisation is the trend in large businesses to consider themselves world businesses not US or English or German businesses. So if something can be done in India or Malaysia or wherever cheaper than in Wisconsin or Slough or Dusseldorf then off to India or Malaysia or wherever it goes. Similarly raw materials or components will be bought from wherever in the world they are cheapest. Such a worldwide network of interests also allows large companies to do a great deal of money shuffling to avoid taxes.
potty
high inflation
no not at all. because oil crisis and scandals in india. indias economy is going down.
Fair globalisation would create opportunities for ALL &also ensure that the benefits of globalisation would be shared better.
FUTURE OF INDIAN INDUSTRIAL RELATION SCENARIO
The economy affects the presence and therefore dictates the future, along with an immeasurable amount of factors
WHAT FUTURE PLANS OR IMPROVEMENTS IS THIS ECONOMY DEVELOPING England 2009
Feasible globalization refers to the concept of integrating global economic, cultural, and political systems in a way that is practical and sustainable for all stakeholders involved. It emphasizes the importance of balancing economic growth with social equity and environmental sustainability, ensuring that globalization benefits a broader range of people and communities. This approach advocates for policies and practices that are adaptable to local contexts, promoting inclusivity and addressing disparities while fostering international cooperation. Ultimately, feasible globalization seeks to create a more equitable global economy that meets the needs of both current and future generations.
plans for the future economy
In market economy, market itself is the sole arbiter and has the deciding power in which way the economy will turn. While government has little power of interference in market economy, many factors play pivotal role there. While Indian economy gained much from record low crude price and big inflow of foreign institutional investments, may suffer in the future with its reverse trends.
yes!
Obviously,There may be a chance of crisis in Indian Economy due to the rise of salaries for central government employees.But, I think so it won't the economy to the most.It is just like a single spoiled Apple among a bundle of apples.So, if it continues for a long time without proper measures in the future it may affect to the whole.