Vijay's Vision

IMPACT OF GLOBAL FINANCIAL CRISIS ON INDIA (This paper was presented in the National Seminar on Global Financial Crisis and its Impact on Indian Economy on 12th & 13th Nov.2010 at Kakatiya Govrnment College, Hanamkonda - Warangal District - India)                                                                                                                       -Dr. S. Vijay Kumar                      Globalization is the new buzzword that has come to dominate the world since the nineties of the last century. Globalization and liberalization, undoubtedly, brought benefits of advancement. But globalization and liberalization, especially in the financial sector, were also responsible for increasing instability. India opened up the economy in the early nineties following a major crisis that led by a foreign exchange crunch. Genesis of the Global Financial Crisis:                    The global financial crisis emerged around August 2007. The basic cause of the crisis wa

Indian Agriculture in the Context of Globalization (This article was published in the book - WTO, GLOBALIZATION and Indian Agriculture)                                                                                                                                                             - Dr. S. Vijay Kumar INTRODUCTION: The new economic policy of India (1991) includes three elements –Globalization, Liberalization and Privatization. Globalization integrates Indian economy with global economy through the reduction in import duties and export restrictions, promotion of foreign investments and permission for free flow of foreign technology and skills (Buggi et al., 2001). In India , economic growth improved significantly in last two and half decades particularly in the post-reform period. India is considered as one of the fastest growing economies in the world. However, the problems of globalization have not been seriously addressed by the government policies and stra