The main aim of globalisation in India was to____.
Integrate Indian economy with global markets
Globalisation refers to the process of integrating a country's economy with the economies of the rest of the world through greater flows of trade, capital, technology and labour.
In India it was central to the New Economic Policy of 1991, which reduced trade barriers and opened the economy to foreign investment.
Its core aim was therefore to connect the Indian economy with global markets, not to restrict trade, raise barriers, or promote pure self-sufficiency.
Hence, the main aim of globalisation in India was to integrate the Indian economy with global markets.
Similar Questions
- Which state is the largest producer of bauxite?
- Which of the following National Highway passing through the Kaziranga National Park is imposing key threat for the wildlife?
- Which of the following is the correct sequence of crops in the decreasing order of their production in India in 2019-20?
- Which of the following states is the least urbanised state of India, as per the census of 2011?
- Which of the following factors DOES NOT directly influence population distribution in India?
- As per Census of India, 2011, Urban Agglomerations having more than _____ million population are known as Mega Cities.
- Which state had more than one-third of the total sugar production in India in 2019-2020?
- The United Nations has _____ principal organs.
- Which of the following states holds India's highest graphite reserves according to the Geological Survey of India?
- As per Census 2001 report, from which country does India receive most number of migrants?
Important Questions from Indian Economic and Human Geography
Which of the following Indian states has the greatest number of sugar mills?
Consider the following crops:
1. Cotton
2. Groundnut
3. Rice
4. Wheat
Which of these are Kharif crops?
India possesses an expansive and continuously growing road network, vital for its economic and social development. When considering the cumulative length of national highways, state highways, and other categories of roads, India's road system is surpassed in total length by only one other country globally. What is India's rank in the world in terms of its total road network length?
According to the 2011 Census of India, which state has lowest population density?
In India, oil wells are found in:
