How has globalization influenced the economic policies of India in recent years
Analyze the impact of globalization on India's economic policies and strategies.
- Liberalization: Globalization has pushed India towards liberalizing its economy by reducing trade barriers and opening up to foreign investments.
- Market-oriented reforms: India's economic policies have shifted towards market-oriented reforms to attract global investments and enhance competitiveness.
- Technology integration: Globalization has encouraged India to adopt advanced technologies and digitalization in various sectors to improve efficiency and productivity.
- Trade agreements: India has engaged in trade agreements with other countries to boost exports and access new markets, aligning with global economic trends.
- Skill development: To compete globally, India has focused on skill development initiatives to enhance the workforce's capabilities and ensure employment opportunities in a globalized market.
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