Globalization Impact on Indian Economy: LPG Reforms & Integration – JAIIB Guide
Globalization: Transforming India’s Economic Landscape Globalization has fundamentally transformed the Indian economy since the 1991 LPG reforms. Understanding its impact is crucial for JAIIB aspirants as it shapes banking policies, international finance, and economic development strategies. Pre-Globalization Era (Before 1991) Economic Characteristics Aspect Status Impact Economic Model Socialist Pattern State-controlled economy Trade Policy Import Substitution…