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1)  Trace the impact of Globalisation on the Indian economy from past to present.(250 words)

Topic: Effects of globalization on Indian society. 

1)  Trace the impact of Globalisation on the Indian economy from past to present.(250 words)

Reference

Why this question:

The question is from the static portions of Paper-I and is straightforward.

Key demand of the question:

The answer must trace the timeline with impact of Globalisation on the Indian economy from past to present discussing the benefits it brought in.

Structure of the answer:

Introduction: 

In brief define what globalisation is – Globalization is the free movement of people, goods, and services across boundaries.

Body:

Start by quoting some facts that imply upon the effects of globalisation on the Indian society. 

After 1991, the rise in GDP that dropped to 13% in 1991 -92 extended momentum in the following five years (1992-2001). Moreover, the annual average rate of growth in GDP was recorded to be 6.1%.

Furthermore, export growth skyrocketed to 20% in 1993-94. For 1994-95, the figures were recorded to be 18.4 per cent. Export growth statistics in recent years have been very impressive.

Explain the benefits of globalisation and way forward for Indian set up.

Conclusion:

Conclude with the impact of it.

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