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Globalisation refers to the process of increased interconnectedness and interdependence among countries through the expansion of trade, investment, technology, and cultural exchange. It involves the integration of national economies into the global economy through cross-border flows of goods, services, capital, information, and people. For India, globalisation gained momentum after the 1991 economic reforms which liberalised trade, opened up the economy to foreign investment, and encouraged privatisation. Globalisation has brought several opportunities to the Indian industrial sector. One of the primary benefits has been increased access to international markets. Indian industries can now export their products to a wider customer base, enhancing growth prospects and profitability. With the reduction of tariffs and import barriers, Indian companies have access _________ ______ ___ ________ ___.
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