01 06
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This document discusses the effects of globalization in India. It describes steps taken by India to globalize its economy, such as devaluation, disinvestment, allowing foreign direct investment and NRI schemes. The merits of globalization for India include access to international markets and increased investment flows. Demerits include developing countries getting exploited through lower salaries and increased competition. Globalization has led to high GDP growth rates in India but also issues with unemployment as the population grows rapidly. It positively impacted industries by bringing investments and technology, but also increased competition and reduced profits for some domestic companies.
01 06
- 1. GLOBALISATION AND ITS EFFECTS IN INDIA
- 2. GROUP MEMBERS NAMES ROLL NO LAVANYA BOGA 301 JOYCE CASTELINO 302 ANKITA CHAUHAN 303 GANESH CHAVAN 304 YOGITA CHAVAN 305 REENA CHAUHAN 306
- 3. GLOBALIZATION The transnational increase in trade and capital transfers across national boundaries.
- 4. STEPS TAKEN TO GLOBALIZE INDIAN ECONOMY Devaluation: Disinvestment: Allowing Foreign Direct Investment (FDI): NRI Scheme:
- 5. THE MERITS OF GLOBALIZATION . International market. Increase in flow of investments. Greater and faster flow of information.
- 6. THE DEMERITS OF GLOBALIZATION . o Developing countries get exploit at lower salaries. o Increase hatred between people amongst the nations. o Competition.
- 7. GLOBALIZATION COULD INVOLVE ALL THESE THINGS!
- 8. Growing Indian Economy 2010 * GDP USD 1.36 trillion GDP growth rate 9% Services contribution 60-65% 2008 * Balance of Trade Negative GDP USD 1.16 trillion balance should increase with surging imports versus exports GDP growth rate 9.5% 2006 Investment goal Services contribution 60% USD 370 billion Balance of Trade Negative GDP USD 590 billion balance should increase with GDP growth rate 9% surging imports versus exports Services contribution 54% Investment goal USD 305 billion Balance of Trade USD (-)46.2 billion Investment goal USD 250 billion *: Projected Source: Economic Times & India Brand Equity Foundation (IBEF)
- 9. Growing Exports 200 210 155 170 USD Billion 126.3 130 103.1 83.5 90 50 2004-05 2005-06 2006-07 2007-08* 2008-09* *: Projected Source: Ministry of Commerce & IBEF
- 10. Growing Imports 250 210.8 185.7 200 USD Billion 149.1 150 111.5 100 50 2004-05 2005-06 2006-07 2007-08 (Apr- Feb) Source: Ministry of Commerce & IBEF
- 11. Increasing Forex Reserves India's Forex Reserves: 2001-08 (Till 14 March 2008) 350 306 300 250 USD Billion 199 200 141 152 150 112 100 75 54 50 0 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 (Till 14 March 08) Source: Reserve Bank of India & India Brand Equity Foundation (IBEF)
- 12. IMPACT OF GLOBALISATION ON INDIA 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.
- 13. EFFECTS OF GLOBALIZATION ON INDIA INDUSTRY The government of India made changes in its economic policy in 1991.
- 14. 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.
- 15. NEGATIVE EFFECTS OF GLOBALIZATION IN INDIA INDUSTRY Increased competitions. Reduced the amount of profit of the India industry companies. People loss their jobs.
- 16. Thank You