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Introduction
- Globalization refers to the integration of economies, cultures, and societies through international trade, investment, technology, and migration.
- While globalization offers many opportunities, it also poses significant challenges to nations and individuals.
Economic Challenges
- Economic Inequality: Globalization has widened the gap between developed and developing nations and within societies.
- Unemployment: Automation and offshoring due to globalization have
Introduction
- Foreign Direct Investment (FDI) refers to investments made by a company or individual in one country in business interests in another country, involving control or ownership.
- Foreign Portfolio Investment (FPI) involves investing in financial assets such as stocks and bonds in a foreign country without direct control or management of the company.
Importance of FDI and FPI
- FDI promotes long-term economic growth through capital formation, technology transfer, and infrastructure develop
Introduction
- Globalization refers to the integration of economies, societies, and cultures through trade, investment, technology, and information.
- India's economic liberalization in 1991 accelerated its participation in the global economy.
Positive Impacts of Globalization on India
- Boosted economic growth by attracting foreign investments and increasing trade.
- Encouraged the inflow of Foreign Direct Investment (FDI), which enhanced infrastructure and created jobs.