Extent of Globalization in India Economy and its Impact on North-Eastern Region
Published: 2012
Author(s) Name: Biren Saikia, Bashanta Mangal Dutta |
Author(s) Affiliation: Bashanta Mangal Dutta, Machkhowa Degree College, Dhemaji; Biren Saikia, Res. Scholar, C.M.J Univ.,
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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
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