GLOBALISATION IN INDIA - GATEWAYS AND PITFALLS

Globalisation may be defined as international integration or augmented mobility of people, capital, goods, services, data and even ideas from one country to another. In recent days the ascent of Globalisation can be seen in almost all the countries around the world. The key benefits offered by globalisation to a country includes foreign collaborations, advanced technology, companies going MNC’s, abundant supply of raw materials, increased job opportunities, better quality products which in turn leads to a higher standard of living. Despite of these benefits there are certain perils such as inequality and environmental degradation which automatically shoulders globalisation. In the light of above mentioned facts, the current study aims to scrutinize the intrinsic worth and pitfall of globalisation in Indian economy.