Explain how globalisation moulded the picture …

Globalization creates greater opportunities for firms in less industrialized countries to tap into more and larger markets around the world. Thus, businesses located in developing countries have more access to capital flows, technology, human capital, cheaper imports, and larger export markets. India has felt the impact of globalization through increased prosperity, partly triggered by increasing trade volumes, investment, and growth. Scholarly work on trade, FDI, and the environment in India with rich theoretical insight and solid empirical evidence is scarce. The wake of globalization was first felt in the 1990s in India when the then finance minister, Dr Manmohan Singh initiated the economic liberalization plan. Since then, India has gradually become one of the economic giants in the world.