Q.What is meant by Globalisation?

Globalisation is about connecting the domestic economy outward, through trade, investment, and technology.

Globalisation refers to the process of integrating a country's economy with the economies of the rest of the world, through freer flows of trade (goods and services), investment (capital), and technology across national borders. For India, this meant measures such as reducing import tariffs and removing quantitative restrictions, liberalising the FDI regime (including an automatic approval route), permitting foreign portfolio investment, making the rupee convertible on the current account, and joining the World Trade Organization (WTO) …