![]() As a result of this, globalization of the Indian Industry took place on a major scale. The government of India made changes in its economic policy in 1991 by which it allowed direct foreign investments in the country. Globalization has increased across the world in recent years due to the fast progress that has been made in the field of technology especially in communications and transport. Globalization means the dismantling of trade barriers between nations and the integration of the nations economies through financial flow, trade in goods and services, and corporate investments between nations. Globalization of the Indian Industry took place in its various sectors such as steel, pharmaceutical, petroleum, chemical, textile, cement, retail, and BPO. Effects of Globalization on Indian IndustryĮffects of Globalization on Indian Industry started when the government opened the country's markets to foreign investments in the early 1990s.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |