
When the Indian government opened the country's markets to foreign investments in the early 1990s, it had a vibrant globalization effect on Indian economy. Various segments like steel, BPO, pharmaceutical, chemicals, textiles and petroleum saw a positive growth with globalization.As the trade restrictions between nations were removed, the economies of the various countries were benefited by a smooth financial flow and increased corporate investments. Globalization has resulted in great progress in the field of technology especially in communications and transport. The economic policy changes resulted in greater foreign investments in the country,...