Globalization of Trade and the Impact on the Economy

Abstract

Globalization means that various things to completely different individuals. It is often outlined merely as associate growth of economic activities across political boundaries of nation states. Additional significantly it refers to a method of deepening economic integration, increasing economic openness and growing economic mutuality between countries within the world economy. It is associated not solely with an outstanding unfold and volume of cross-border economic transactions however additionally with a company of economic activities that straddle national boundaries of the globe. Economic process in India is mostly taken as desegregation the economy of the country with the remainder of the globe. This paper will brief an introduction and objective of globalization. This paper also deals with the Major Steps towards Globalization and Challenges of globalization and its effects on India.