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Globalisation refers to the increasing integration of countries through the movement of goods, services, capital, technology, information and people across national boundaries. In India, globalisation became a major economic process after the introduction of economic reforms in 1991. These reforms included liberalisation, privatisation and greater openness to international trade and investment. Globalisation has significantly transformed the Indian economy, creating both opportunities and challenges. One of the major effects of globalisation has been the expansion of international trade. India reduced import restrictions, lowered tariffs and encouraged exports. Indian ___ _________ _________ _________ __________ _____ ____ _________ __________ _________.
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