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The impact of liberalization, privatization and globalization on Indian economy with special reference to industrial sector

Author:

Pranab Kumar Mishra

Subject Area:

Social Sciences and Humanities

Abstract:

The technological advancement has been responsible for a closer world. The world is interacting each other at all spheres i.e. social, economic, information etc. to gain prosperity. It is widely accepted as globalization. The State protected economy or privatization is the issue which has always been discussed. India opened it”s economy since 1991. The consumer satisfaction, innovation in the market, reduction in the costs and new means of finance or opportunities are the preferences of modern economy. This is the reason, India has managed to obtain special status in IT area in such a shorter period.

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