Globalization and Its Impact on the Performance of Small-Scale Industries in India

Author:Mamta Chaudharya*, Anjali Sainib

Abstract:
Economic globalization is the increasing economic interdependence of national economies across the world through a rapid increase in cross-border movement of goods, service, technology and capital. Whereas globalization is cantered on the rapid development of science and technology and increasing cross-border division of labour, economic globalization is propelled by the rapid growing significance of information in all types of productive activities and marketization; the advance of science and technologies. It provides several things to several people with removal of all trade barriers among countries. Globalization happens through three channels: trade in goods and services, movement of capital and flow of finance. Globalization in India is generally taken to mean ‘integrating’ the economy of the country with the world economy. The real thrust to the globalization process was provided by the new economic policy introduced by the Government of India in July 1991 at the behest of the IMF and the World Bank. The current paper is an attempt to critically analyze of the impact of globalization on Indian Small-Scale Industries. The main theme of the paper is to evaluate the performance of SSI, after globalization and to know the impact of Globalization on the performance of SSI .

Keywords:Keywords: Globolization, Small Scale Industries (SSI), Employment, etc.

DOI:

International Journal of Trade & Commerce (Vol: 4 Issue:1)