Globalization in India: Effects and Consequences Subhankar Chatterjee What is Globalization? The term globalization means International Integration. Opening up of world trade‚ development of advanced means of communication‚ internationalisation of financial markets‚ growing importance of MNC’s‚ population migrations and more generally increased mobility of persons‚ goods‚ capital‚ data and ideas. It is a process through which the diverse world is unified into a single society. Wave of
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INDUSTRIES Today India is one among the top ten industrial nations of the world. Industrial development has changed India’s economy from under-developed status to developing status. Industries can be classified into various types on the basis of their structure. The two main types are: 1) Manufacturing industries including heavy and light industries. 2) Small-scale and cottage industries . Manufacturing industries: Industries which are concerned with the processing or conversion of raw
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as well as non-economic on routine domestic concerns. He said that therefore‚ the policy makers have to be far more alert and prompt with their response. The Finance Minister Shri Mukherjee was delivering his keynote address at a Conference on US-India Economic and Financial Partnership in Washington DC yesterday. He was sharing the dais with Mr Timothy Geithner‚ Secretary‚ US Department of Treasury. The daylong conference was being organised by Confederation of Indian Industry (CII) in collaboration
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British India (today known as India‚ Pakistan‚ Bangladesh) was controlled by Britain and thus India officially declared war on Nazi Germany in September 1939. The British Raj‚ as a possession of Great Britain‚ formed part of theAllied Nations and sent over two and a half million volunteer soldiers to fight under British command against the Axis powers. Additionally‚ several IndianPrincely States provided large donations to support the Allied campaign during the War. India also provided the base for
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Corruption in India is a major issue and adversely affects its economy.[1] A 2005 study conducted by Transparency International in India found that more than 62% of Indians had firsthand experience of paying bribes or influence peddling to get jobs done in public offices successfully.[2][3] In its 2008 study‚ Transparency International reports about 40% of Indians had firsthand experience of paying bribes or using a contact to get a job done in public office.[4] In 2012 India has ranked 94th out
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India In a country with 1.18 billion people and counting it is hard to keep track of all the small things going on without a strong and organized government. Throughout India you can see various issues that may be keeping it from becoming an MDC. Major problems such as language differences‚ extreme poverty‚ health problems‚ migration issues; can all lead to one conclusion; Corruption. Power tends to corrupt‚ and absolute power corrupts absolutely. It’s not easy to define corruption. But in
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1.0 Case Study : Microsoft in India 1. Why does Microsoft’s traditional strategy of one size fits all not work well in emerging markets such as India? There are four main marketing strategies. It can be categorized as Globalization strategy‚ transnational strategy‚ internationalization strategy and localization strategy. As shown in diagram 1.0. Emphasis on local responsiveness high low low
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MACRO-ENVIRONMENT POLITICAL-LEGAL FACTOR IMPLICATION EFFECT ON PRODUCT Sin tax bill signed into law More Filipinos will liberate from the vices of smoking and drinking and will help them start a healthy lifestyle. Possible increase in sales revenue. Universally Accessible Cheaper and Quality Medicines Act of 2008 Protect public health and ensure access to affordable quality drugs and medicines for all. Decrease in sales because there may be a shift. From sports drink to medicines
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ACCOUNT OF INDUSTRIALIZATION IN INDIA AND IN KERALA 20 . Introduction By way of substantiating the thesis that the large scale industries and their promotion have proved detrimental to environment‚ a close look at the history and evolution of industrialization is a must. But such a historical account of industrialization is too vast a field for the researcher to look into. It is therefore necessary to limit this enquiry to the area of industrialization in India in general and to industrialization
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Corruption in India Andrew Sanchez T he momentum of last year’s hunger strike by the anti-corruption campaigner Kisan ‘Anna’ Hazare currently sees India’s parliament wrestling with the formation of a national corruption ombudsman. Hazare’s campaign rests upon the proposition that the democratic ideals with which the Indian state was formed in 1947 are all too often subverted by the self-interest of public servants. Hazare’s supporters argue that this process has two primary effects. First‚ corruption
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