Implications of Globalization on Integration of Indian Economy

Implications of Globalization on Integration of Indian Economy

A Cointegration Approach

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Indian economy belongs to a nation which has an ancient and glorious past. Once upon a time it was known to be the richest region of the world because of which it attracted the attention of kings, sailors, traders, warriors, invaders etc. During the past thousand years, it had been ruled by the Mughals, then the Britishers and finally became an independent nation in 1947. At the time of independence, the country not only started commanding respect being the longest living civilizations on earth, but also by becoming the largest democracy. Today, India is the third largest economy of the world ...