Doing Business in IndiaAccording to the CIA World Fact Book and the World Bank, India's economy, valued at trillions of dollars, is ranked fourth in the world and is the second most populous country in the world (n.d.). These statistics provide businesses and aspiring entrepreneurs with adequate indicators of India's potential in the global market. Since the reforms of the 1990s, India has embraced the concept of globalization and market opening. GlobalEDGE (nd) identified these reforms as including "increasingly liberal investment and exchange rate regimes, industrial decontrol, deductions from tariffs and other trade barriers, opening and modernization of the financial sector, significant adjustments to the government's monetary and fiscal policies and more guarantees for foreign investments. intellectual property rights” (GlobalEDGE, nd). India's transition has been systematic and has evolved from a closed economy to a thriving open market that has unleashed the country's economic potential with considerable impact. manufactured clothing, internet services, agricultural and allied products, gems and jewelry, leather products and chemicals” (GlobalEdge). India's economic growth as a result of globalization Since the reforms of 1991, India has embraced globalization and has seen steady growth year after year. According to the CIA World Factbook, the Indian economy has grown on average by more than seven percent since 1997 (CIA, nd). Effects of globalization on local employment and income distribution. t...... middle of paper ...... eaten gift, large expensive gifts, leather gifts, or gifts wrapped in white or black (globalEDGE, nd) Works CitedCIA World Factbook India. (nd) Retrieved from https://www.cia.gov/library/publications/the-world-factbook/geos/in.html Dasgupta, K. (2003). Globalization and Indian Women: Problems, Opportunities and Information Needs – An Overview. Retrieved from http://comminfo.rutgers.edu/~clairemc/IFLA_2003_proceedings.pdfGlobalEDGE. (nd). Global Insights: India. Retrieved from http://globaledge.msu.edu/Countries/IndiaS Tarakeswara Rao, Professor G Tulasi Rao and MP Suri Ganesh. (2011). WomenEntrepreneurship In India (A Case Study from Andhra Pradesh). The Journal ofCommerce, 3(3), 43. Retrieved from ABI/INFORM Global. (Document ID: 2487921061). Gender violence in India. Pranjya (2010). Retrieved from http://www.prajnya.in/gvr10.pdf