The Economic Globalization Of India

996 WordsNov 16, 20154 Pages
Economic Globalization has been sweeping across the nation since the end of WWII. Slowly but surely all the nations across the world have been impacted by Economic Globalization. India for example has been one of the countries that has been recently hit by the storm and India’s economy can be seen to still be shooting up. In my paper I will be discussing the Economic Globalization of India, the roots of the globalization to occur, the effects it had and the negative effects it had. Effects such as foreign trade, economic growth and GDP. From the mid 90’s to current times India is seeing the effects of globalization, bringing India into one of the top countries in the world in terms of GDP being ranked at 10th in the world. The economic globalization in India began in the 90’s with the economic growth being due too advances in IT and business. “One of the major forces of globalization in India has been in the growth of outsourced IT and business process outsourcing (BPO) services” (1). The past few years have seen more and more educated people due to India’s low cost of labor but educated and English speaking workforce. With economic globalization hitting India in the IT and BPO field it has allowed companies to expand their operations to India to take advantage of their massive growth opportunity. The ability for corporations to expand to India has enabled huge corporations to open up markets in India allowing for great success. “Notable examples of international companies

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