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7. Socio-Economic Impact of Globalization

Globalization has intensified interdependence and competition between economies in the world market. This is reflected in Interdependence in regard to trading in goods and services and in movement of capital. As a result domestic economic developments are not determined entirely by domestic policies and market conditions. Rather, they are influenced by both domestic and international policies and economic conditions. Direction and depth of all economic activities in India is now governed largely by global Economy.

 

Positive Impact includesNegatives7.2. Impact of Globalization on Informal sector7.3. Impact of Globalization on Agriculture