StudentShare solutions
Triangle menu

Globalization and Indian Industries - Essay Example

Nobody downloaded yet
Closeness to the technological frontier to fight the entry of the external competitors is considered to be very significant in this connection. The industries that have capability to improve their technological strength for investing in the updation of the production systems would be able to withstand the competition (Mishra, 2006). Thus the industries in this group tend to flourish and perform well under liberalized regime. While the companies that were very weak didn't have the enough strength to enhance their capacity and elevate them in towards the technological frontier. Thus most of these units have shorter business life span and ultimately get eliminated from the race. Thus the industries having very low technological frontiers would be losers under the globalised business environment (Mishra, 2006).
Indian experiment on globalization started in the year 1991 with the major sectors involved being steel, pharmaceutical, petroleum, chemical, textile, cement, retail and BPO (Business maps of, n.d.). The government had expected that high rate of growth could be achieved by inviting large volumes of foreign direct investments. A comparison on the number of companies that operated in India across pre and post-liberalized era clearly show the impact of the policy change. Earlier to 1991, the number of factories in India stood at 1,10,179 while their number reported in the year 2004 was 1,29,074. The first observable signs in this direction after the implementation of the polices were setting up of different companies with foreign investments for enhancing its operation in the above-mentioned sectors. This is said to have helped to address the local unemployment problems to a significant level and thus reducing the poverty levels in a few of the locations (Mishra, 2006). Also indirect benefits were obtained as a result of considerable improvements in the technology and management that the domestic companies had to attain to face the competition from their foreign counterparts having highly efficient production systems. On the other hand, the consumer preferences in buying also had a sporadic shift. The Indian consumer who were mostly dependent on the domestic products had the opportunity to purchase quality products at affordable prices. This had resulted in the lowering of business volumes of the pharmaceutical, chemical, manufacturing, and cement manufacturing industries (Business maps of, n.d.). Also, the companies resorted to various structural adjustments like lowering of profits, which threatened the viability of long-term operations. Another striking feature was the reduction in the labour strength across the sectors. The labour statistics available for the year 1990 was 81,62,504 and those for the year 2004 was lowered to 78,70,081. Thus the influence of globalization policies on the poverty reduction in India as a whole is very ambiguous (Mishra, 2006). Hence a The sector specific assessment on the impact of the globalization is as given below
(i) Petroleum Industry: Globalization of the petroleum Industry had begun much before the ...Show more
Cite this document
  • APA
  • MLA
(“Globalization and Indian Industries Essay Example | Topics and Well Written Essays - 1500 words”, n.d.)
Retrieved from
(Globalization and Indian Industries Essay Example | Topics and Well Written Essays - 1500 Words)
“Globalization and Indian Industries Essay Example | Topics and Well Written Essays - 1500 Words”, n.d.
  • Cited: 0 times


The globalization was considered as the most feasible option for the elimination of all the trade barriers across different countries by free flow of finance, trade in goods and services and also in attracting huge investments. The heavy reliance on external finance is considered as one of the easiest options for enhancing the economic development of all the economically weaker nations of the world ( Mishra, 2006)…
Globalization and Indian Industries
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Globalization and Indian Industries"
with a personal 20% discount.
Grab the best paper

Check these samples - they also fit your topic

Case Study Contents Contents 1 Introduction 2 The Cultural Issues 3 Key Managerial Problem 7 Recommendations 9 Conclusion 12 Reference 13 Introduction Globalization has opened the doors for the investors to invest in the sunshine sector in the new and emerging market globally.
11 pages (2750 words) Essay
Indian National Cinema
Indian National Cinema. Cinema, since its evolution, has emerged as one of the most stimulating means of influencing the human race. Whether it provides entertainment or knowledge, or a combination of the two, motion pictures have grasped the attention of every individual regardless of race, culture, religion and language.
10 pages (2500 words) Essay
India's Globalization and Economic Development
This study will also seek to address the role of identity politics and Diasporas in the global economic system and development of India. For this study to give out the relevant analysis of globalization of India, it will examine the extent and nature of integration of this country into the global economy along different dimensions that will include flows of capital, goods, services, and migration of people.
5 pages (1250 words) Essay
How Globalization has strengthened the Hands of Businesses over Industries in Developing Nations to the Failure of Environmental Policies on Global Warming
How Globalization has strengthened the Hands of Businesses over Industries in Developing Nations to the Failure of Environmental Policies on Global Warming Unlike the ages before when business activities of particular enterprises and corporations took place within the confines of specific economic boundaries, commerce has taken a complete net turn.
7 pages (1750 words) Essay
Small Scales Industries in Developing Nations
Since a nation can only developed rapidly through establishing Industries for manufacturing goods for the purpose of domestic and exports purposes, then a nation can only survive and reach to the economic development peak when the government and private sectors put hands on deck toward establishing Industries that will vows to productions of different things, and thus a nation which relied on it internal production for it people's consumption will no doubt developed rapidly, since it will have less dependence on foreign goods.
13 pages (3250 words) Essay
Community Development and Globalization
Globalization is seen in much of the world as a double edged sword. There are positive elements of globalization that benefit stakeholders; investing companies can tap new markets and achieve low production costs while host countries can increase employment and investment capital.
10 pages (2500 words) Essay
Small Scale Industries
The liberalization of this sector has certainly gained enough impetus for future growth and study about the concerned area. Identifying the problematic areas and their possible solutions may help the economy, government, citizens and other stake holders in forging ahead and overcoming the quandary and dilemma of the particular concerned sector.
10 pages (2500 words) Essay
Literature review of Globalization in India
“the latest avatar” of global domination unleashed by the West, especially by the United States., (Globalization & the Indian State, 2005) there are still others who are under the impression that globalization is the only way to freedom and prosperity. India, which is
2 pages (500 words) Essay
Impact of globalization on Indian Capital markets
The purpose of this study is to examine the impact of the integration of worldwide capital markets on the economic growth and development of developing countries like India. Post liberalization the foreign capital inflows in the form of foreign portfolio investment (FPI) has improved liquidity conditions in the Indian capital markets.
10 pages (2500 words) Essay
Australian Globalization
The author of the essay casts light upon world globalization processes. It is believed that globalization means advances in telecommunication infrastructure and transportation infrastructure are the main factors for globalization, leading to the greater interdependence of socio-cultural, political and economic activities.
10 pages (2500 words) Essay
Comments (0)
Click to create a comment
Let us find you another Essay on topic Globalization and Indian Industries for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us