The world we live in is a global market and we are the generation thriving on Globalisation. Everything that we see around us is there because the markets have come close and have integrated. But every coin has a two sides and similarly globalisation has its flip side too.

1. GLOBALISATION
Presented by:-
Alifiya Lakdawala (10)
Mansi Shah (32)
Vaibhav Sanghavi (29)
Sanket Vyas (55)

2. Flow of content
 Introduction
 Globalisation
 Integration of economies
 Aspects of globalisation
 Dimensions of globalisation
 Reason for globalisation
 Advantages and disadvantage
 Globalisation of Indian economy
 Major policy changes
 Impact of globalisation:- Positive and Negative
 Conclusion

3. Introduction
 The modern world is seen as the world without
geographical boundaries and any kind of barriers.
Globalisation has been the major force behind this.
 Globalisation is the integration of the world
economy and exchanging the ideas, products,
technologies etc.
 The globalisation hit India late but had huge impact
on the nations economic policies and various other
aspects.

4. Globalisation
 Globalisation is the
process of international
integration arising from the
interchange of world
views, products, ideas,
and other aspects
of culture.
 Globalisation means rapid
increase in the share of
economic activities taking
place across national
borders.

5. Integration of Economies
 The increasing
reliance of economies
on each other
 The opportunities to
be able to buy and sell
in any country in the
world
 The opportunities for
labour and capital to
locate anywhere in the
world
 The growth of global
markets in finance

6. Aspects of globalisation
 Trade and transactions
 Capital and investment
movement
 Migration
 Dissemination of
knowledge

7. Dimensions of globalisation
 Economic globalisation
 Political globalisation
 Cultural globalisation
 Ideological globalisation

8. Reasons for globalisation
 Better resources
 Low cost of production
 Dilution of the local market
 Operating internationally
 Market expansion
 Increased profit

9. Globalisation…
The good
 Increased
productivity
 High standards of
living
 Increase flow of
foreign capital
 Increased
competition
 Increase in the
foreign trade
 Induce domestic
The bad
 Takeover of national
firms
 Brings instability
 Impact on traditional
industries
 Affects small
industries
 Widens disparity
 Cultural impact

10. Globalisation of Indian
economy
 Indian economy adopted
the policy of restriction
after the independence.
 But in 1991 due to the
economic crises the
government of India
decided to open its market
for the foreign
investments.
 The new economic
policies adopted had
impact on every sector of
the Indian economy.

11. Major policy changes
 Licence abolishing
 Dilution of MRTP act
 Foreign investment encouraged
 Fiscal reforms
 External sector reforms
 Outward looking policy
 Public sector reforms

12. Impact of globalisation
 Rapid growth of
business.
 Opportunity to go
global.
 Introduction of various
new technology.
 Rise in access of
technology in rural
area.
 New technology in the
agriculture
 Literate farmers
 Rise in the literacy rate
and quality of

13. Impact of globalisation
 Disparity in the society
 Ethical responsibility of
business has been
diminished.
 Price hike of every daily
usable commodities.
 The local business has
perished
 High growth but problem
of unemployment.
 Affected the agriculture
sector

14. Conclusion
 Globalisation had increased the trade of products,
ideas, technologies etc. and created the world
without boundaries but it also had some negative
impact on the developing countries.
 Flowing with globalization ,India is shining in nearly
every Prospects. India is getting a global
recognition and slowly moving towards to become
a major economic and political strength.
 Though the development is progressing rapidly, still
many basic problems like rural poverty, corruption
and political instability remained unsolved.