IMPACTS OF GLOBALIZATION ON INDIAN ECONOMY INTRODUCTION TO GLOBALIZATION: Globalization has many meanings depending on the context and on the person who is talking about. It refers to the increasing global relationships of culture, people and economic activity. Guy Brainbant: says that the process of globalisation not only includes opening up of world trade, development of advanced means of communication, internationalisation of financial markets, growing importance of MNC’s, population
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Business Prospects in India Business is that giant who resides in the whole world. Until one doesn’t connect globally one can’t come under its clutches thereby missing all the benefits it has to offer. It wasn’t until the early 1990s that India began to reap these benefits with the corroding ‘license raj’ giving way to the economic reform of Liberalization, Privatization and Globalization (LPG). Economic indicators like foreign exchange reserves, that can cover upto 6 months imports now as compared
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development of India largely depends upon a few factors, which prove to be decisive. According to the World Bank, for a better economic development, India needs to give due priorities in various issues like infrastructure, public sector reform, agricultural and rural development, reforms in lagging states, removal of labor regulations and HIV/AIDS. Agriculture, along with other allied sectors like fishing, forestry, and logging play a major role in the economic development in India. In 2005, these
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Comparative study of LIC of India & private Life Insurance companies in India. Introduction: The Indian life insurance industry has its own origin and history, since its inception. It has passed through many obstacles, hindrances to attain the present status. Insurance owes its existence to 17th century England. In fact, it took shape in 1688 at a rather interesting place called Lloyd's Coffee House in London, where merchants, ship-owners and underwriters met to discuss and transact business
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to earn on their investments, and this similarly helps the borrowers to fulfill the need of the money. A financial system helps promotes the wellbeing and also helps in improving the living standards of people. Lets start with the Capital Market in India first. Capital Market is a market in which individuals and institutions trade financial securities. The securities are sold off and bought in capital market for raising the funds (Investopedia, 2013). Capital Market includes both primary and secondary
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Term paper On A comparison of financial performance in the Banking sector- some evidence from bank Nifty. Under the guidance of Mr. K. S. Venkateswara Kumar Asst. professor Ch. H. S. Pavan Kumar 10102463 MBA – IV th sem K L University Vaddeswaram Abstract: The research paper analyzes the performance of the selected banks on the basis of the productivity and the profitability that are reflected in the stock prices. There are several dimensions through which an analysis can be done
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Share of agricultural output in the GDP reduced * Industrial Sector (Manufacturing Sector) increased due to industrialization in 1970's * Service sector in India saw a sharp increase from 1950-2012. The dominant shift in growth of the economy is accountable to service sector * Trade and tax liberalisation reforms were made in India in 1980 * Since modern services like information and financial services are easily tradable than manufactured goods, they are growing faster than traditional
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new economic reform, popularly known as, Liberalization, Privatization and Globalization (LPG model) aimed at making the Indian economy as fastest growing economy and globally competitive. The series of reforms undertaken with respect to industrial sector, trade as well as financial sector aimed at making the economy more efficient. With the onset of reforms to liberalize the Indian economy in July of 1991, a new chapter has dawned for India and her billion plus population. This period of economic
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India currently is second largest populous nation in the world, second largest educational system in the world and five years down the line shall be the single largest populous nation leaving behind China. Demographically too India is a nation of young persons with two thirds of population below 35 years of age and should leverage from this to emerge as a superpower and get into the comity of developed nations. Presently as on 2015 no Indian Institution is in top 100 world Class University ranking
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Tamil Nadu National law School PRIVATE SECTOR IN INDIA: BOON OR BANE SUBMITTED IN THE PARTIAL FULFILLMENT OF B.A.L.L.B (Hons.), THIRD SEMESTER Submitted to: Submitted by- Mr.Yuvraj Akash Gupta BA0130005
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