Purva Yadav

Impact of Globalisation on India: an Analysis of International Trade and Capital Flows Purva Yadav

Globalisation is being continuously debated. It has led to the increasing economic interdependence of the world through multiplying quantum and variety of cross-border flows of finance, investment, goods and services and widespread diffusion of technology. Trade and capital flows have become key drivers of globalization as borders opened across the globe. The New Economic Policy initiated in early 1990s in India was expected to achieve: high growth rate, increase in international trade and capital movement and, structural changes in the economy. Around the same time many other countries also embarked on the economic reform programmes. Geographical study of these trends and patterns are meager. Hence, a preliminary attempt is made in this book to bring out the prime dimensions of globalisation from a geographical viewpoint as manifested is changes in patterns of international trade and movement of capital. This book is more of an exploratory attempt rather than explanatory. The analysis should be useful to researchers, professionals and anyone having interest in the process of globalisation