Globalisation and Privatisation – XETO OFFICIAL

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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

of India has adopted liberal economic policy. Globalisation demands excellent quality goods and services. There is competition in cost also. Good quality, cost efficiency and cheaper rates art the three principles of successful competition in international market. The industrialist have to keep pace with new technological changes.

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.

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