Globalization and the Indian Economy
Contents: Preface. 1. Introduction. 2. Effects of globalization. 3. Impact of globalization on developing countries and India. 4. Financing globalization. 5. Financial globalization and recurring financial crises. 6. Capital market: trigger for global growth. 7. Indian economic: industry and services. 8. The Indian economic scenario: agricultural sector. 9. Indian economic scenario: banking and finance. 10. External trade and investment. 11. Infrastructure. Bibliography. Index.
India\'s exports were stagnant for the first two decades years after independence, due to the predominance of tea, jute and cotton manufactures, demand for which was generally inelastic. Imports in the same period consisted predominantly of machinery, equipment and raw materials, due to nascent industrialization. Since liberalization, the value of India\'s international trade has increased sharply. By privatizing oil and gas companies and other viral infrastructure related companies - India\'s vital interests will be even more controlled by foreign interests. (jacket)
India\'s exports were stagnant for the first two decades years after independence, due to the predominance of tea, jute and cotton manufactures, demand for which was generally inelastic. Imports in the same period consisted predominantly of machinery, equipment and raw materials, due to nascent industrialization. Since liberalization, the value of India\'s international trade has increased sharply. By privatizing oil and gas companies and other viral infrastructure related companies - India\'s vital interests will be even more controlled by foreign interests. (jacket)
