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GLOBALISATION AND ITS EFFECTS IN INDIA
GROUP MEMBERS
NAMES ROLL NO
LAVANYA BOGA 301
JOYCE CASTELINO 302
ANKITA CHAUHAN 303
GANESH CHAVAN 304 YOGITA CHAVAN 305
REENA CHAUHAN 306
GLOBALIZATION
“ The transnational increase in trade and capital transfers across national boundaries”.
STEPS TAKEN TO GLOBALIZE INDIAN ECONOMY
Devaluation:
Disinvestment:
Allowing Foreign Direct Investment (FDI):
NRI Scheme:
THE MERITS OF GLOBALIZATION .
International market.
Increase in flow of investments.
Greater and faster flow of information.
THE DEMERITS OF GLOBALIZATION .
o Developing countries get exploit at lower salaries.
o Increase hatred between people amongst the nations.
o Competition.
GLOBALIZATION COULD INVOLVE ALL THESE THINGS!
GDP – USD 590 billion
GDP growth rate – 9%
Services contribution – 54%
Balance of Trade – USD (-)46.2 billion
Investment goal – USD 250 billion
20062006
Growing Indian Economy
*: ProjectedSource: Economic Times & India Brand Equity Foundation (IBEF)
GDP – USD 1.16 trillion
GDP growth rate – 9.5%
Services contribution – 60%
Balance of Trade – Negative balance should increase with surging imports versus exports
Investment goal – USD 305 billion
20082008 *
GDP – USD 1.36 trillion
GDP growth rate – 9%
Services contribution – 60-65%
Balance of Trade – Negative balance should increase with surging imports versus exports
Investment goal – USD 370 billion
20102010 *
*: ProjectedSource: Ministry of Commerce & IBEF
83.5
103.1
126.3
155
200
50
90
130
170
210
USD
Bill
ion
2004-05 2005-06 2006-07 2007-08* 2008-09*
Growing Exports
Source: Ministry of Commerce & IBEF
Growing Imports
111.5
149.1
185.7
210.8
50
100
150
200
250
US
D B
illio
n
2004-05 2005-06 2006-07 2007-08 (Apr-Feb)
India's Forex Reserves: 2001-08 (Till 14 March 2008)
5475
112141 152
199
306
0
50
100
150
200
250
300
350
2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08(Till 14
March 08)
US
D B
illio
nIncreasing Forex Reserves
Source: Reserve Bank of India & India Brand Equity Foundation (IBEF)
High growth in population but problem of unemployment.
Need to generate 10 million jobs per year.
Multi party rule, hence need to accommodate political ideology with economic reality.
Inverse relation between foreign currency reserves & inflation.
IMPACT OF GLOBALISATION ON INDIA
EFFECTS OF GLOBALIZATION ON INDIA INDUSTRY
The government of India made changes in its economic policy in 1991.
POSITIVE EFFECTS OF GLOBALIZATION IN INDIA INDUSTRY
They brought in huge amount of foreign investments into the industry.
Many foreign companies set up industries in India.
Foreign companies brought in highly advanced technology.
NEGATIVE EFFECTS OF GLOBALIZATION IN INDIA INDUSTRY
Increased competitions.
Reduced the amount of profit of the India industry companies.
People loss their jobs.
Thank You
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