GLOBALISATION AND INCLUSIVE GROWTH: PERSPECTIVES FROM INDIA

Abstract

This paper is about studying the role of globalisation for the economic growth. Globalization refers to the increasing interconnectedness and interdependence of countries through the exchange of goods, services, information, and ideas. It has become a defining feature of the modern world, shaping economies, societies, and cultures on a global scale. This abstract explores the concept of globalization, its drivers, and its impact. It discusses how advancements in technology, transportation, and communication have facilitated the integration of markets. It also examines the role of multinational corporations and international organizations in promoting globalization. The abstract highlights both the benefits and challenges of globalization. On one hand, it has led to increased economic growth, job creation, and access to new markets. It has also facilitated the transfer of knowledge and technology, contributing to innovation and development. However, globalization has also been associated with income inequality, environmental degradation, and cultural homogenization.