India’s Globalization: Evaluating the Economic Consequences

India’s Globalization: Evaluating the Economic Consequences

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Author: Baldev Raj Nayar
Publisher: Sage Publications
Year: 2007
Language: English
Pages: 97
ISBN/UPC (if available): 9788178297583


This study systematically evaluates the economic consequences of globalization for India in the light of the attack of the critics against globalization on the grounds of economic stagnation, “deindustrialization”, “denationalization”, destabilization, and impoverishment. On the basis of abundant qualitative and quantitative data, it strongly repudiates the case of the critics, and demonstrates that India has been a significant beneficiary of the globalization process.

The policy conclusion that flows from this experience is that India ought to be, in general, more open to globalization, in the interest of sustaining economic growth and enhancing the welfare of its people. To this end it should push forward with the reform agenda.


List of Acronyms

Executive Summary


India’s Reintegration with the World Economy:
Its Limited Nature

Assessing the Consequences of Globalization

Economic Stagnation or Accelerated Economic growth

Deindustrialization or Industrial Advance

Denationalization or Regeneration

Economic Destabilization or Stability

Impoverishment or Welfare Enhancement




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