Globalisation and the Indian Economy

Globalization implies a widening and deepening integration with people and processes around the world. National policies — economic, social, and cultural — have increasingly come under the influence of international agencies. This has led to the narrowed ability of a nation's government and people to make independent choices for themselves. The rapid advancement in information technology and communications, which have unified markets and people while cutting across barriers of space and time, has made it not just possible, but absolutely essential, for economies of the world to adapt or fall by the wayside. Globalization has compelled developing countries to improve overall economic management. However, the socio-economically disadvantaged of such countries are yet to benefit from Globalization. The challenge to overcome the scourge of poverty remains a daunting task. The support of the poor for reforms, as well as their involvement in the development process, can be achieved only if they start benefiting from governmental policies. This volume is a collection of academic and research papers that examines the impact of globalization on India's economy.