Globalization has significantly shaped India’s economy since the early 1990s, driving rapid growth, technological advancement, and an expansion of the service sector. While the liberalization of trade has led to increased foreign investment and improved standards of living, it has also exacerbated income inequality and posed challenges for domestic industries and agriculture. The Indian government has played a crucial role in managing these effects through regulatory reforms, social welfare programs, and environmental regulations, aiming to balance the benefits of globalization with its challenges for sustainable and inclusive development.
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