Globalization and Liberalization: Shaping India’s Economy Through Trade, Capital, and Technology
Introduction Globalization and liberalization have significantly transformed the Indian economy, driving economic growth, enhancing trade, and improving technological capabilities. India’s economic liberalization, which began in 1991, marked a shift from a protectionist economy to an open and market-driven system. These reforms integrated India into the global economy, leading to increased foreign trade, capital inflows, and…