StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Evaluate 2 aspects of effect of globalization in India in the last 5 years - Essay Example

Cite this document
Summary
The term globalisation is known as integrating country’s economy with the world economy so that trade flows freely resulting into foreign direct investment and export and import of goods with the stringent trade barriers removed. The economic reforms that began in July 1991…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER98.2% of users find it useful
Evaluate 2 aspects of effect of globalization in India in the last 5 years
Read Text Preview

Extract of sample "Evaluate 2 aspects of effect of globalization in India in the last 5 years"

Download file to see previous pages

FDI has tremendous impact in economic development of India. Among the emerging economies, India offers the most liberal and transparent policies on FDI investments. The following table shows how FDI inflows from different countries flew to India. The maximum impact of FDI has taken place in service sector which at 21% includes financial sector, information technology, and travel business. Computer software and hardware businesses are next in the line contributing around 9%. Telecommunication sector has grown rapidly in India due to huge contributions by FDI.

There is no surprise that Indian telecom industry which is growing at the rate of 45% has the highest growth rate found in the world. (Chaturvedi, Ila 2011) Indias growth story and FDI has direct linkages. Ratio of FDI Inflow to Gross Capital Formation rose to 9.6 percent in the year 2008, which was found to be only 1.9 percent during 1999-2000. In the same way, ratio of FDI Outflow to Gross Capital Formation went to 4.1 percent in the year 2008 which was ruling at only 0.1 percent during 1999-2000.

(Ansari, Shamim 2010) India has been one of the most lucrative destinations for investment in the service sector for its competitive wages and due to huge demand and supply gaps in the sectors like insurance, banking, telecommunication and financial services. India has become a hub for back-office processing, medical transcription services, call centres, knowledge process outsourcing and back office accounting and financial services apart many other services including software and information technology business.

The Indias average quarterly Gross Domestic Product Growth rate averaged 8.4 between 2005 and 2010 that reached at its pinnacle in September, 2006. This growth rate should be seen at the back drop of previous growth rates that prevailed around 5.5 percent before 2005. Globalisation means opening up of markets for

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Evaluate 2 aspects of effect of globalization in India in the last 5 Essay”, n.d.)
Evaluate 2 aspects of effect of globalization in India in the last 5 Essay. Retrieved from https://studentshare.org/miscellaneous/1576561-evaluate-2-aspects-of-effect-of-globalization-in-india-in-the-last-5-years
(Evaluate 2 Aspects of Effect of Globalization in India in the Last 5 Essay)
Evaluate 2 Aspects of Effect of Globalization in India in the Last 5 Essay. https://studentshare.org/miscellaneous/1576561-evaluate-2-aspects-of-effect-of-globalization-in-india-in-the-last-5-years.
“Evaluate 2 Aspects of Effect of Globalization in India in the Last 5 Essay”, n.d. https://studentshare.org/miscellaneous/1576561-evaluate-2-aspects-of-effect-of-globalization-in-india-in-the-last-5-years.
  • Cited: 0 times

CHECK THESE SAMPLES OF Evaluate 2 aspects of effect of globalization in India in the last 5 years

Global Marketing Plan for Firm Avea

The choice of the product assumes significance as the FMCG sector in india is assumed to be the fourth largest in the world with experts stating the market value to be approximately 13.... Target Country Profile/PEST The external environment of an organization is largely based upon the aspects of political, economic, sociological and technological factors (Wakley & Chambers, 2005, p.... A majority of this population falls within the age group of 15-64 years which is the target market for the company....
9 Pages (2250 words) Case Study

B&Q Indian Market Entry Considerations

However, as a means of surviving the current economic instability and seeking new markets, the company seeks to open a new subsidiary in india to tap on the enormous potential the country (Kleinman & Hall, 2007).... hellip; The need for new markets and ways of surviving the high competition found within almost all markets across the world has accelerated the spread of globalization.... The emerging economies are blocked together form the BRIC block, which has countries such as Brazil, Russia, india and china....
12 Pages (3000 words) Essay

International Expansion into an emerging market

Indian economic reforms: The economic liberalization is ushered in india in 1991 drastically changed the business environment.... Global restructuring of manufacturing industries is the crux of globalization.... FDI inflows into developing countries in recent years have been seen into manufacturing....
15 Pages (3750 words) Essay

Looking at Globalization from Every Angle

The article then goes further and looks at the broad gains and losses that have been made from globalization in the last decade or so.... The issues related to the acute dearth of radiologists in North America has been addressed by radiologists in india, based in india being hired to fill the vacancies, however unlike in the past they are not physically present North America but carry out their duties virtually with the help of modern day.... The essay will evaluate the broad short and long term benefits of globalization and also looks at the flip side of the coin, which are the short and long term drawbacks of globalization....
10 Pages (2500 words) Essay

How successful is neo-liberalism in explaining why states cooperate

The various aspects of neo-liberalism as a social and political concept will be analyzed in order to identify their role in the formulation of specific political behaviour with a special reference to the cooperation among states within the international community.... However, it is necessary to refer primarily to the various aspects and forms of neoliberalism in order to justify its presence in the evaluation of specific political behaviour – cooperation – by states internationally....
12 Pages (3000 words) Essay

Political and Social Aspects of Business Start-Ups

Most of the youths in india are unemployed though they have good education.... For example, india is a country having over a billion populations.... Business start ups have positive impacts on economical, political and social aspects and hence the business start ups are normally encouraged by many governments....
9 Pages (2250 words) Essay

Globalization and the Forces Driving It

This paper “Globalization and the Forces Driving It” examines the phenomenon of globalization and analyzes the effect of the phenomenon by taking the example of a company.... hellip; The author states that there are many definitions of globalization depending on the way in which the phenomenon is viewed.... The phenomenon of globalization is closely tied with that of free trade and the theory of comparative advantage as proposed by one of the founding fathers of modern economics, David Ricardo....
10 Pages (2500 words) Dissertation

Analysis of Monsoon: The Indian Ocean and the Future of American Power Book by Robert D. Kaplan

In this respect, various important aspects including the major ideas as well as the themes deciphered in the book are critically evaluated… By taking into concern various readings, perspectives and arguments presented in the book by the author, it can be affirmed from a broader understanding that the book is deemed to serve as a preamble for the acceptance of American establishment in its lessening role as a 'cold war' worldwide maritime warrior  Evidently, the author of the book “Monsoon: The Indian Ocean and the Future of American Power” named Robert D....
12 Pages (3000 words) Book Report/Review
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us