Publicerad 2023-07-19
Abstract
Globalization, the increasing interconnectedness of economies and societies worldwide, has profoundly transformed the economic landscape of India over the past few decades. This abstract provides an overview of the multifaceted impact of globalization on India's economy. Globalization facilitated the integration of Indian industries into global supply chains, driving export-led growth in sectors such as information technology, pharmaceuticals, and automotive manufacturing. However, it also exposed vulnerabilities in the form of economic volatility, as seen in the 2008 financial crisis and the recent COVID-19 pandemic. In conclusion, the impact of globalization on the Indian economy is complex, with both positive and negative consequences. Understanding these effects is crucial for policymakers, as they navigate the path towards sustainable and inclusive economic development in an increasingly interconnected world.