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Globalization and Its Impact on India’s Economy: Growth, Challenges, and Future Prospects

Globalization has significantly influenced India’s economy since the economic liberalization of 1991. It has led to rapid economic growth, increased foreign investments, and expanded trade opportunities. Various sectors, including agriculture, industry, and services, have experienced profound transformations. While globalization has presented numerous opportunities, it has also posed challenges that India continues to address. 1. Understanding…

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Impact of the 1991 Economic Reforms on India’s Growth and Development: A Transformative Journey

Introduction The economic reforms of 1991 marked a turning point in India’s economic history. Prior to 1991, the Indian economy was characterized by a mixed economic model with a heavy reliance on state control, licensing systems, and protectionist policies. However, due to a severe balance of payments crisis, the government was compelled to introduce a…

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The New Industrial Policy: A Catalyst for Economic Growth and Industrial Transformation

Introduction Industrial policy plays a crucial role in shaping the economic trajectory of a nation. The term ‘New Industrial Policy’ generally refers to a shift in the approach of the government towards industrial development, with the aim of making industries more competitive, innovative, and globally integrated. India’s New Industrial Policy, introduced in 1991, marked a…

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The Impact of Globalization on Trade, Employment, Women Employment, and Income Equality

Introduction Globalization refers to the process of increasing interconnectivity and interdependence among countries and regions through the exchange of goods, services, technology, and culture. Over the last few decades, globalization has become a driving force behind many economic, social, and political changes. While it has contributed to global economic growth and poverty reduction, it has…

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Liberalization and Its Impact on the Indian Social Structure

Introduction Liberalization refers to the process of reducing government restrictions and regulations in economic and social policies, allowing greater participation of private and foreign entities in the market. It aims to enhance efficiency, encourage competition, and foster economic growth. In India, the economic liberalization that began in 1991 under the leadership of then-Prime Minister P.V….

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Factors Influencing the Formation of an Individual’s Attitude Towards Social Problems

Introduction An individual’s attitude towards social problems is shaped by various internal and external factors. Attitudes determine how people perceive, react to, and engage with issues such as poverty, gender inequality, environmental concerns, and corruption. Understanding these factors helps in addressing negative attitudes and fostering progressive social perspectives. This essay explores the key influences on…

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Traditional Values in Indian Society and Their Evolution in the Modern Era

Introduction India is a country with a rich heritage and a strong foundation of traditional values. These values have played a crucial role in shaping the cultural, social, and moral fabric of Indian society. Rooted in ancient scriptures, religious practices, and social norms, traditional values have provided a guiding force for generations. However, with modernization,…

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The Impact of Globalization on Employment in the Formal Sector of India

Introduction Globalization is one of the most significant forces shaping the modern world economy. It refers to the increasing interconnectedness and interdependence of economies across the globe, driven by trade, investment, technology, and the movement of labor. In India, globalization gained momentum after the 1991 economic liberalization, which opened the country’s markets to foreign investment,…

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Globalization and Its Impact on Rural Social Structure in India

Introduction Globalization is a complex and multifaceted phenomenon that refers to the increasing interconnectedness of economies, societies, and cultures across the world. It is characterized by the flow of goods, services, technology, capital, information, and labor across borders. The process of globalization has been accelerated by advancements in transportation, communication, and economic liberalization. In India,…

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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…

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