PAPER ID:IJIM/V.2(I)/70-73/9

AUTHOR: Samriti Datta

TITLE : IMPACT OF GLOBALIZATION IN INDIA

Abstract: The term globalization refers to the free movement of goods, services, labour, capital, technology across countries. Globalisation allow different countries to establish congenial relations among them and allow developing countries to develop and expand their market base. In India the term globalization was adopted in 1991 in the name of (LPG policy) that is liberalization, privatization and globalization with aim to open Indian economy for global entrepreneurs and to solve the problem balance of payments. Through this paper an attempt is made to study the term globalization on Indian view its impact on Indian economy both positive and negative.

Keywords: Globalization, Privatization, Impact, Liberalization

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