Globalisation And Indian Economy... CBSE Class -X Social Science...2024-25.pptx

For Class X, CBSE, Social Science, as per the syllabus for Board Exam-2024.

1. GLOBALISATION AND INDIAN ECONOMY Globe  Global  Globalisation -Being Global . Pankaj Saikia , Modern English School .

2. Do all the food that we eat today are of Indian origin! Are the dresses that we are wearing is our tradition! Is the language that we are speaking are of Indian origin! Think about some other areas like Education, Employment, Production, Culture and many more. How we Countries are Interconnected Pankaj Saikia/MES-2014

3. Globalisation Pankaj Saikia/MES-2014 It is the process of rapid integration or interconnection among countries. It may be in the form of production, employment, trade, technology, investment , environment. etc ...

4. Multinational Company / Corporations--- The companies or corporations which have their business in more than one country are called Multinational Company or Corporation (MNC). Example- Pepsi, Nike, Apple, Microsoft, Tata, etc . Few Important terms ; Pankaj Saikia/MES-2014

5. Investment- The money used to assemble the factors of production such as land. building, machinery, raw materials. etc. are called Investment . Foreign Investment- Investment made in a country by a Multinational Company originated from some other country or by foreigners (individual/ organisation ) is called Foreign Investment. Few Important terms ; Pankaj Saikia/MES-2014

6. Foreign Trade- The trade or buying and selling of goods and services among the different countries are called foreign trade. Export- Selling of goods or service to any foreign country. Import- Buying of goods or services from other country . Few Important terms ; Pankaj Saikia/MES-2014

7. Spreading production across countries. Interlinking production by setting up production centers in different countries. Joint production of MNCs with domestic / local companies. Free trade among the countries. Ways of interconnections- Pankaj Saikia/MES-2014

8. Development in Technology. Liberlisation of Foreign trade and Investment. Liberlisation of Labour Laws. Government measures to promote Globalisation . Factors Enabled Globalisation Pankaj Saikia/MES-2014

9. Communication and Information Technology. (Enables faster and safe communication across the world) Production Technology. (Faster production enables the producers to go beyond the countries boundaries) Transportation Technology. (Enables faster and safer transport across the world) Packaging technology. (Enhancing durability and facilitating transportation) Development in Technology Pankaj Saikia/MES-2014

10. Liberlisation means removal of barriers (restrictions) by the countries on- Foreign Trade, and- Foreign investment by MNCs and foreign investors Liberlisation Pankaj Saikia/MES-2014

11. T he central and the state governments in recent times taking various steps to encourage foreign investment by MNCs and foreign individuals in India. Which includes - Declaration of SEZ. Liberlisation of Labour Laws. Tax relief during start up period. Government Measures Pankaj Saikia/MES-2014

12. S ome selected areas are equipped with world class facilities of electricity, water, roads, storage, recreational, educational, etc. where a world class industry can set up. The companies who set up industry in such areas get tax relief for first few years. Special Economic Zone (SEZ) Pankaj Saikia/MES-2014

13. The employers in India need obey certain rules that aims to protect the interest of workers. Recently government allows the companies to ignore many rules. Which is called Liberlisation of labour laws. Liberlisation of labour Laws Pankaj Saikia/MES-2014

14. Can fix the time of work independently. Can fix the remuneration as per the labour market demand and supply. Can hire and fire workers as per the requirement of work. Can fix the social security schems for employees independently How Liberlisation of Labour Laws helps the MNCs Pankaj Saikia/MES-2014