Globalisation refers to opening up economy for the world trade is called globalisation. In simple words it refers to encouraging the domestic entrepreneurs to invest abroad and at the same time allowing foreign entrepreneurs to invest in India.
- Restriction is removed on the movement of goods, services capital and technology from other countries to India.
- To get identification and recognition to Indian economy in the world market.
- Approving and encouraging foreign direct investment into Indian economy.
- Approving and encouraging movement of latest technology, goods, and services from others. countries to Indian economy.
