Rukhaiyar's Corner

The Impact of Economic Reforms – Rich People have become Richer and Poor People Poorer

by 2 Comments

In 1991, when the foreign exchange reserves had reduced to such an extent that India could barely finance three weeks’ worth of imports. Economic reforms were introduced in Indian economy. Before 1991, India was closed for foreign companies. It was a period very much known as License Raj. During this period, up to 80 agencies […]

Indian Cultural Values have nothing to Fear from Globalization

by 2 Comments

Let’s talk about globalization first. Globalization describes an ongoing process by which regional economies, societies, and cultures have become integrated through a globe-spanning network of communication and trade. Globalization term may be new, but originally it is not new. The most common and dominant cultures and economies had always made an impact on other societies […]