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What is the impact of globalisation on the Indian economy? |
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Answer» tion: Below mentioned are some of the quick reactions which were felt after the introduction of globalization:After 1991, the rise in GDP that dropped to 13% in 1991 -92 extended momentum in the following five YEARS (1992-2001). Moreover, the annual average rate of growth in GDP was RECORDED to be 6.1%.Furthermore, export growth skyrocketed to 20% in 1993-94. For 1994-95, the figures were recorded to be 18.4 per cent. Export growth statistics in RECENT years have been very impressive |
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