IMPACT OF GLOBALISATION ON SERVICE SECTOR OF INDIAN ECONOMY


Dr. P.C. Jose Paul
,
Abstract

Globalisation describes a process by which regional economies, societies and cultures have become integrated through a global network of communication, transportation and trade. The term is sometimes used to refer specifically to economic globalisation. The integration of national economies into the international economy through trade, foreign direct investment, capital flows, migration, and the spread of technology. The main important objectives of the study to study the impact of Globalisation on Service Sector and to know the sectoral shares of Gross Domestic Product in Export from India. Globalisation generally means integrating economy of our nation with the world economy. The economic changes initiated have had a dramatic effect on the overall growth of the economy. The economic changes also heralded the integration of the Indian economy in to the global economy. In 1990-91 the import was 8.8 per cent, it was declined next year. But 2008-09 it was increased at 29 per cent.

KEYWORDS: Globalisation, Liberalisation and Export.

Keywords:
Journal Name :
EPRA International Journal of Economic and Business Review(JEBR)

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Vol : 5
Issue : 8
Month : August
Year : 2017
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