It In Globalization Essay

3565 words - 15 pages

 
International Research Journal of Business and Management – IRJBM  

ISSN 2322-083X

Indian Technology and Globalization: A New Wrapper on Old Context
Soma Bandyopadhyay Department of Computer Science and Engineering MCKV Institute of Engineering Howrah, India Basab Bandyopadhyay Department of Civil Engineering Professional Engineering Services Pvt. Ltd. Kolkata, India

Abstract The objective of this paper is to explain the meaning of Globalization and to explore the impact of globalization in Indian context. Our study has two major goals: To analyse the globalization process before and after independence and to describe the main features of the Indian software industry, especially ...view middle of the document...

Globalisation in India Globalization in India - historical perspective The term globalization is attributed to International integration of business and it is a process through which diverse world is unified into a single society. Although the term is in widespread use during very recent times, the actual phenomenon happened at least a few thousand years ago when India, Roman civilization and West Asia had open trade links. Silk, different types of spices and aromatic goods were traded through sea and land links. Selucid
IRJBM – (www.irjbm.org ) January - 2014 - Volume No – I © Global Wisdom Research Publications – All Rights Reserved.  

32

 
International Research Journal of Business and Management – IRJBM  

ISSN 2322-083X

dynasty, the Greek Ptolemaic dynasty and later on the Roman Empire had trading The term globalization is attributed to International integration of business and it is a process through which diverse world is unified into a single society. Although the term is in widespread use during very recent times, the actual phenomenon happened at least a few thousand years ago when India, Roman civilization and West Asia had open trade links. Silk, different types of spices and aromatic goods were traded through sea and land links. Selucid dynasty, the Greek Ptolemaic dynasty and later on the Roman Empire had trading and commercial links with India. Indian pearls, herbs, spices, pepper, lyceum, costus, sesame oil, sugar, indigo and ebony were exported through Western India to Rome. Western India, as a result was the recipient of large amounts of Roman Gold during 1st and 2nd Century AD. Thus the term globalization, being commonly perceived as a term coined by the Western world is wrong and west played a very minor role in its early phases. However the Islamic conquest of Egypt in 5th century AD, rising influence of Islamic states in the middle East and Persia and finally the conquest of Constantinople by Ottoman Turks in 1453 slowly eliminated the trade links between Eastern countries with Europe and West Asia. Later on during 16th Century onwards Mercantilism and eventually colonialism by European powers completely destroyed the free trade practices and set up unequal trade relationship with colonial countries. B. Globalization in India – post independence era Since independence from British in 1947, the process of globalization in India has been slow and cautious. India embarked on its own development strategies with an eye to curtail import. As a result large scale nationalization of the big enterprises and industries took place. Large public sectors with central planning, strong government intervention in labor and capital market and regulation of business were the features of Indian economy. Restricted flow of FDI, strong restriction on licensing of foreign technology, regulated business policy and reservation of 1500 items for production by small scale industries were all aimed at achieving self reliance. Although...

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