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- Globalisation_in_India abstract "India had the distinction of being the world's largest economy in the beginning of the Christian era, as it accounted for about 32.9% share of world GDP and about 17% of the world population. The goods produced in India had long been exported to far off destinations across the world. Therefore, the concept of globalisation is hardly new to India.India currently accounts for 1.2% of World trade as of 2006 according to the World Trade Organisation (WTO). Until the liberalisation of 1991, India was largely and intentionally isolated from the world markets, to protect its fledgling economy and to achieve self-reliance. Foreign trade was subject to import tariffs, export taxes and quantitative restrictions, while foreign direct investment was restricted by upper-limit equity participation, restrictions on technology transfer, export obligations and government approvals; these approvals were needed for nearly 60% of new FDI in the industrial sector. The restrictions ensured that FDI averaged only around $200M annually between 1985 and 1991; a large percentage of the capital flows consisted of foreign aid, commercial borrowing and deposits of non-resident Indians.India's exports were stagnant for the first 15 years after independence, due to the predominance of tea, jute and cotton manufactures, demand for which was generally inelastic. Imports in the same period consisted predominantly of machinery, equipment and raw materials, due to nascent industrialisation. Since liberalisation, the value of India's international trade has become more broad-based and has risen to 8px 63,0801 billion in 2003–04 from 8px 12.50 billion in 1950–51. India's trading partners are China, the US, the UAE, the UK, Japan and the EU. The exports during April 2007 were $12.31 billion up by 16% and import were $17.68 billion with an increase of 18.06% over the previous year.India is a founding-member of General Agreement on Tariffs and Trade (GATT) since 1947 and its successor, the World Trade Organisation. While participating actively in its general council meetings, India has been crucial in voicing the concerns of the developing world. For instance, India has continued its opposition to the inclusion of such matters as labour and environment issues and other non-tariff barriers into the WTO policies.Despite reducing import restrictions several times in the 2000s, India was evaluated by the World Trade Organisation in 2008 as more restrictive than similar developing economies, such as Brazil, China, and Russia. The WTO also identified electricity shortages and inadequate transportation infrastructure as significant constraints on trade.Its restrictiveness has been cited as a factor which has isolated it from the global financial crisis of 2008–2009 more than other countries, even though it has reduced ongoing economic growth.".
- Globalisation_in_India thumbnail Indian_Rupee_symbol.svg?width=300.
- Globalisation_in_India wikiPageID "21627479".
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- Globalisation_in_India wikiPageOutDegree "25".
- Globalisation_in_India wikiPageRevisionID "677434937".
- Globalisation_in_India wikiPageWikiLink Balance_of_payments.
- Globalisation_in_India wikiPageWikiLink Capital_account.
- Globalisation_in_India wikiPageWikiLink Category:Economy_of_India.
- Globalisation_in_India wikiPageWikiLink Category:Globalization_by_location.
- Globalisation_in_India wikiPageWikiLink Current_account.
- Globalisation_in_India wikiPageWikiLink Debt_service_ratio.
- Globalisation_in_India wikiPageWikiLink Developing_country.
- Globalisation_in_India wikiPageWikiLink Elasticity_(economics).
- Globalisation_in_India wikiPageWikiLink External_Commercial_Borrowing.
- Globalisation_in_India wikiPageWikiLink External_commercial_borrowing_(India).
- Globalisation_in_India wikiPageWikiLink Finance_minister.
- Globalisation_in_India wikiPageWikiLink Financial_crisis_of_2007–08.
- Globalisation_in_India wikiPageWikiLink Foreign_direct_investment.
- Globalisation_in_India wikiPageWikiLink General_Agreement_on_Tariffs_and_Trade.
- Globalisation_in_India wikiPageWikiLink Global_financial_crisis_of_2008–2009.
- Globalisation_in_India wikiPageWikiLink Ministry_of_Finance.
- Globalisation_in_India wikiPageWikiLink Non-resident_Indian_and_person_of_Indian_origin.
- Globalisation_in_India wikiPageWikiLink Non-tariff_barriers_to_trade.
- Globalisation_in_India wikiPageWikiLink Remittance.
- Globalisation_in_India wikiPageWikiLink Remittances_to_India.
- Globalisation_in_India wikiPageWikiLink USD.
- Globalisation_in_India wikiPageWikiLink United_States_dollar.
- Globalisation_in_India wikiPageWikiLink World_Trade_Organisation.
- Globalisation_in_India wikiPageWikiLink World_Trade_Organization.
- Globalisation_in_India wikiPageWikiLink File:Indian_Rupee_symbol.svg.
- Globalisation_in_India wikiPageWikiLinkText "Globalisation in India".
- Globalisation_in_India wikiPageWikiLinkText "globalisation".
- Globalisation_in_India hasPhotoCollection Globalisation_in_India.
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- Globalisation_in_India wikiPageUsesTemplate Template:Globalization.
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- Globalisation_in_India wikiPageUsesTemplate Template:SIN.
- Globalisation_in_India wikiPageUsesTemplate Template:See_also.
- Globalisation_in_India wikiPageUsesTemplate Template:UK.
- Globalisation_in_India wikiPageUsesTemplate Template:USA.
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- Globalisation_in_India subject Category:Economy_of_India.
- Globalisation_in_India subject Category:Globalization_by_location.
- Globalisation_in_India type Article.
- Globalisation_in_India type Article.
- Globalisation_in_India type Economy.
- Globalisation_in_India type Thing.
- Globalisation_in_India comment "India had the distinction of being the world's largest economy in the beginning of the Christian era, as it accounted for about 32.9% share of world GDP and about 17% of the world population. The goods produced in India had long been exported to far off destinations across the world. Therefore, the concept of globalisation is hardly new to India.India currently accounts for 1.2% of World trade as of 2006 according to the World Trade Organisation (WTO).".
- Globalisation_in_India label "Globalisation in India".
- Globalisation_in_India seeAlso Economic_liberalization.
- Globalisation_in_India seeAlso India.
- Globalisation_in_India sameAs تجارت_خارجی_و_سرمایهگذاری_در_هند.
- Globalisation_in_India sameAs m.01187jf1.
- Globalisation_in_India sameAs Q5570921.
- Globalisation_in_India sameAs Q5570921.
- Globalisation_in_India wasDerivedFrom Globalisation_in_India?oldid=677434937.
- Globalisation_in_India depiction Indian_Rupee_symbol.svg.
- Globalisation_in_India isPrimaryTopicOf Globalisation_in_India.