The term “globalization” refers to the growing interconnectedness, integration, and connection between people and businesses in diverse parts of the world.
Foreign trade in India includes all imports and exports to and from India. At the level of central Govt, it is administered by the ministry of commerce.
The Republic of India is considered one of the emerging superpowers of the world. This potential is attributed to several indicators.
Globalization is a complex and multifaceted phenomenon – some consider it a form of capitalist expansion, that integrates local and national economies into the global economy.