Abstract

Globalization has significantly influenced the Indian economy reshaping its industrial financial agricultural and service sectors. Since economic liberalization in 1991 India has emerged as a key player in the global market experiencing rapid growth in trade foreign investments and technological advancements. This paper examines the multifaceted impact of globalization on the Indian economy analyzing both positive transformations and associated challenges. It explores key sectors affected by globalization policy shifts that facilitated economic integration and the socio-economic consequences of an open economy. The study further delves into the long-term implications of globalization on Indias workforce regional disparities and income distribution. While globalization has accelerated economic growth and opened new opportunities it has also contributed to widening economic inequalities environmental degradation and cultural shifts. The rapid influx of foreign capital and multinational c