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Globalisation has significantly transformed the Indian economy by integrating it with the global market and reshaping its business environment. Since the economic liberalisation of 1991, India has shifted from a protectionist framework to a more open and competitive economy, encouraging foreign investments, technological collaboration, and trade expansion. This transformation has had a profound impact on various sectors of the Indian economy, influencing production, consumption, employment, and overall economic growth. One of the most notable impacts of globalisation on the Indian economy has been the rapid increase in foreign direct investment (FDI). The liberalisation policies reduced trade barriers and eased regulations, attracting multinational corporations to invest in diverse sectors such as information technology, telecommunications, automobiles, pharmaceuticals, and retail. These investments have facilitated technology transfer, improved managerial practices, and enhanced the competitiveness of Indian businesses in global markets. For instance, global companies like Amazon, Google, and Toyota have not only brought capital but also introduced innovative business models that have influenced domestic enterprises. The presence of such global players has intensified competition, compelling Indian firms to improve quality, efficiency, and customer service to remain competitive. Globalisation has also had a transformative impact on India’s industrial and service _____ ________ __________ ______ ______ _______ ______ ____ ___ _________ ____ ___.
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