Individual case analysis-globalisation Essay Example | Topics and Well Written Essays - 1250 words

Individual case analysis-globalisation - Essay Example But still, administrative mismanagement and oppression by different company results in political anomalies. The Flow of foreign money in the country’s economy results in making it the tenth largest economy in the world in terms of the nominal GDP and third largest by purchasing power parity. There is a definite regulatory framework for the foreign investors with a consolidated FDI policy. Still there is an absence of strict intellectual property rights that’s need to be addressed by the foreign investors as well as the Indian Government to promote further FDI development. Singh, L. 2010. LEGAL ISSUES ON FOREIGN INVESTMENTS IN INDIA. [Online]. Available at: http://www.lawyersclubindia.com/articles/LEGAL-ISSUES-ON-FOREIGN-INVESTMENTS-IN-INDIA-2697.asp#.UxhQ3z-SyX9. [Accessed on March 06, 2014]. 12 India, a country once referred to as a place where restriction on business is everything has now undergone several changes. This is due to the number policy initiatives that were taken to boost the country’s economy. The liberalization and globalization of foreign direct investment in India commenced during the year 1991 and the easing of restrictions on foreign companies interested in doing business in this country have acted as a catalyst to promote the country’s attractiveness. India’s liberalization process in the early 1990s has acted as a strong motivational force for the Indian firms to expand their business in other markets as well as foreign firms to do their business in India. According to Mr. P. Chidambaram, the then finance minister of India, â€Å"FDI worked wonders in China and can do so in India† (Indian Express, November 11, 2005). Government’s consolidated FDI policy and their rule changes related to foreign investment issues has c hanged the country’s economic structure. Inflow of foreign money in the country resulted in growth of country’s