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India's ride on wave of globalisation a rocky one
The subcontinent entered the global markets with its 1991 New Economic Policy, which has lifted its GDP, but also widened its income gap.
Published Thu, Jul 14, 2016 · 09:50 PM
London
THE British decision to leave the European Union is seen by many as a rejection of globalisation, although the thumbs down was on free movement of labour within the bloc and not on free trade or unrestricted flow of capital within.
At the same time, the world's largest democracy - India - was preparing to mark its 25th anniversary of joining the list of globalising nations. While lifting India's gross domestic product (GDP), globalisation has increased an already wide chasm between a rich minority and poor majority.
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