The Impact of Globalization on Small Scale Industries
The Impact of Globalization on Small Scale Industries ABSTRACT Globalization refers to the process of integrating the whole globe into a single massive market. With the elimination of all trade obstacles between nations, it offers many benefits to many individuals. Globalization occurs via three channels: commerce in commodities and services, capital mobility, and financial flow. In India, globalization is often understood to imply ‘integrating' the country's economy with the global economy. The new economic strategy implemented by the Government of India in July 1991 at the request of the IMF and the World Bank gave the real impetus to the globalization process. Globalization has resulted in Unequal Competition,' or a battle between giant MNCs and tiny Indian businesses.' The small scale industry is an important component of the country's total industrial sector. For More Details About The Impact of Globalization on Small Scale Industries Please Visit Our Websit...