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Extent of Globalization in Indian Economy and its Impact on North-eastern Region


     

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The concept of globalization has generated significant place in the Indian economy. India opened up the economy in the early 90s to overcome the major crisis that led to foreign exchange crunch that dragged the economy close to defaulting on loans. The new economic policy of Liberalization, privatization, and Globalization (LPG) move the economy to a more open and market oriented economy. This paper is an attempt to focus the "Extent of globalization and liberalization process on the Indian economy and it's impact on North-Eastern Region". This paper content four segments first part of the paper is introductory and it explains the meaning of globalization. Part two deals the major polices of globalization. Part three describes the extent of globalization with some specific indicators. Part four describes the potential of North-East in the era of globalization. In the end findings and conclusion of the paper has been discussed.

Keywords

Globalization, Indian Economy, Economy
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  • Extent of Globalization in Indian Economy and its Impact on North-eastern Region

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Abstract


The concept of globalization has generated significant place in the Indian economy. India opened up the economy in the early 90s to overcome the major crisis that led to foreign exchange crunch that dragged the economy close to defaulting on loans. The new economic policy of Liberalization, privatization, and Globalization (LPG) move the economy to a more open and market oriented economy. This paper is an attempt to focus the "Extent of globalization and liberalization process on the Indian economy and it's impact on North-Eastern Region". This paper content four segments first part of the paper is introductory and it explains the meaning of globalization. Part two deals the major polices of globalization. Part three describes the extent of globalization with some specific indicators. Part four describes the potential of North-East in the era of globalization. In the end findings and conclusion of the paper has been discussed.

Keywords


Globalization, Indian Economy, Economy

References