Open Access



Globalization and Its Impact on Indian Economy

Neeraj Singh Manhas

DIP: 18.02.015/20200502

DOI: 10.25215/2455/0502015

Received: April 23, 2020; Revision Received: May 12, 2020; Accepted: June 25, 2020


India benefited greatly from the LPG boom, rising to 9.7% in 2007-2008. The fourth-place capitalization of India. Agriculture has not improved since globalisation. Agriculture accounts for 17% of GDP. Landless households rose, suicidal farmers. Despite the positive results of globalization, rising India is being pushed to address these challenges and to move towards growth early. A prompt message from the visit is that a nation must deliberately choose a policy balance that helps it seize the opportunity while avoiding crashes. The US has remained the world’s largest country for a century, but massive shifts in the global market have led to a transition from rich countries in the US and Europe to two Asian giants – India and China. Ac-cording to economic experts and global surveys, the 21st century is dominated by India and China. India, currently the fourth-largest measure of purchasing power, overtakes Japan, making it the third-largest economy in 10 years. They may also claim that the transformation of everyday life around us responds to globalization. Globalization has positive and negative consequences for the Indian economy. Globalization has taken us a long way since 1991, boosting the development of our country.

The author profoundly appreciates all the people who have successfully contributed to ensuring this paper in place. Their contributions are acknowledged however their names cannot be mentioned.

The author declared no conflict of interest.

This is an Open Access Research distributed under the terms of the Creative Commons Attribution License (, which permits unrestricted use, distribution, and reproduction in any Medium, provided the original work is properly cited.

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Neeraj Singh Manhas @

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ISSN 2348-5396

ISSN 2349-3429

DIP: 18.02.015/20200502

DOI: 10.25215/2455/0502015

Published in

Volume 05, Issue 2, April-June, 2020

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