1) define economic reforms of new economic policy 1991.

2)what is meant by modernisation of indian economy ?

3)why are chinese toys popular in the world?

4)why are mnc's investing in india ?

5)explain the process of globalisation.

6)explain the objectives of new economic policy?

7)what are the main features of economic reform?

pls help me to answer these questions!!!!!

Due to paucity of time all your queries could not be resolved:

5) Globalisation refers to integration of world economies. It shrinks the world and leads to trade among different countries. Globalisation is a vast phenomenon which not only affects the economies but also the social, political and cultural sphere as well. It changes the dynamics of the world and makes it a one complete family. Although it has some advantages and disadvantages of its own, but globalisation also marks the development of the whole world and results in cross culture.