Ram Singh ramsingh@iift.ac.in Indian Institute of Foreign Trade, Kolkata

Increasing globalization of the Indian economy has become a significant factor in the evolution of the nation's transportation network. Between 1991 and 2005,the share of India's gross domestic product accounted for by trade in goods and services has grown from 4.9 percent to 11.1 percent. Liberalization of world and Indian trade policies has occurred allowing industries and nations to use trade as a major source of economic growth; mMulti-national trade blocks have developed solidifying the trade,transportation and institutional links within broad regions of the world (e.g.,the Americas, Europe, ASEAN, SAARC); in general and in Pacific rim in particular. MSupply chains have become globalized as industries seek out the cost and market advantages that different parts of the world offer for different elements of the supply chain. As such, this paper tries to highlight the different effets of Globalization on Indian Economy.