Globalization and the Indian Economy

  • The world is getting increasingly interconnected.
  • While this interconnections across countries has many dimensions — cultural, political, social and economic.
  • Take for example the recent spread of Covid-19 Disease, originating from China , it affected the whole world so quickly , affective millions of life , Economy, Job, changing the way we live.
  • Globalization is the integration of people lives and the culture.
  • We will look at globalization and its effects at a limited sense and scale in this lesson.
  • It defines globalisation as the integration between countries through foreign trade and foreign investments by multinational corporations (MNCs)
  • It is the process of rapid integration or interconnection between countries.
  • There is one more way through which countries are becoming closer and that is Movement of people between countries.
  • People usually move from one country to another in search of jobs or better education.
  • This is also a result of Globalisation

Topics Covered Under this lesson are

  • Production Across Countries
  • Interlinking Production Across Countries
  • Foreign Trade And Integration Of Markets
  • What Is Globalisation?
  • Factors That Have Enabled Globalisation
  • World Trade Organisation
  • Impact Of Globalisation In India
  • The Struggle For A Fair Globalisation
  • NCERT Solutions
  • Important Previous Year Questions
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