Articles
Griha laxmi magazine
Buy and subscribe Griha laxmi magazine published this article page no 45 the thrust of globalisation has been to increase the domestic and external competition through extensive application of market mechanism and facilitating dynamic relationship with the foreign investors and suppliers of technology. in indian context this implies 1 opening of the economy to foreign direct investment by providing facilities to foreign companies to invest in different fields of economies activity in india 2 removing restrictions and obstacles to the entry of multinational companies in india 3 allowing indian companies to enter into foreign collaboration in india and also encouraging them to set up joint ventures abroad 4 carrying out massive import liberalisation programmes by switching over from quantitative restrictions to tariffs in the first place and then bringing down the level of import duties considerably and 5 instead of a set of export incentives opting for exchange rate adjustments for promoting export. a breakup of foreign collaboration approval reveals that the major share went to core priority sectors while infrastructural sector was untouched grihalakshmi magazine latest edition.