Global refers to a world in which societies, cultures, politics and economies have come closer. It is closely associated with privatisation. Globalisation is the intensification of the world-wide social relations which link distant localities. No economy can work in isolation. The present economic policy is free from cold war. India is improving its ill economic condition. So the government
Till now the Indian economy was highly centralised. Smooth change is necessary. Privatisation is the only answer to the ills confronting Indian economy. Through globalisation the Indian economy will be in a position to become stable and progressive.