GDP, Economic growth rate, Industrial growth rate, export in percent of GDP and foreign reserves don't demonstrate now a days a positive signal supporting globalization active in India. Hence this question is....
Not sure, what you mean with the question. India's economic indicators are fine; they fluctuate as it is normal for a country, I would not see any alarming signs. Also not sure, what the meaning is saying "globalization in India". Since the 1980s India's economy has become more open, especially what exports is concerned (it was already open for imports as Import Substitution had failed). If India manages to find ways to include the poor into its economic success then the country will be economically successful for many,many years to come as the population is young, right now at low consumption levels, meaning in many fields first time consumers (for byclcles, scooters, cars, computers, TVs, fridges, etc, etc, etc). The major downside for India's economic (and hopefully social success) is the resource hunger and resulting pollution from it.
Globalization is integration in the multilateral trading system through the Trans-national corporations. Therefore developing countries in general consider today the global value chain as an effective tool to ensure their integration in the trading system and benefiting from globalization. Emerging developing countries, like India and others have today their own trans-national corporations, which benefit from globalization in terms of open markets and free movement of capital. In my view India continues to benefit from globalization, irrespective of the sluggishness of its economic indicators (whether this is accurate or not). India is also a major player in the WTO and in rule setting as part of global governance.
Hope that this helps.
Indian economy had experienced major policy changes in early 1990s. The new economic reform, popularly known as, Liberalization, Privatization and Globalization (LPG model) aimed at making the Indian economy as fastest growing economy and globally competitive. The series of reforms undertaken with respect to industrial sector, trade as well as financial sector aimed at making the economy more efficient.
With the onset of reforms to liberalize the Indian economy in July of 1991, a new chapter has dawned for India and her billion plus population. This period of economic transition has had a tremendous impact on the overall economic development of almost all major sectors of the economy, and its effects over the last decade can hardly be overlooked. Besides, it also marks the advent of the real integration of the Indian economy into the global economy.
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