Vol. 2, Issue 12, Part G (2016)

Abstract
The interest in and amount of research on the relationships between globalization, economic growth has been increasing in recent years. The rational for globalization is that free flows of trade, finance and information will produce best outcomes for growth and human welfare. The primary objective has to be the overall acceleration of economic growth along with rapid elimination of poverty. Studies show that globalization affects the economic growth of a country through many different channels- international trade, financial integration, international labour flows and technical change. Our country has yielded many significant benefits; the growth in GDP, FDI, foreign exchange reserves and trade openness. This paper tries to find econometrically the impact of various factors of globalization on India’s economic growth as well as the dynamics of the relationship between globalization and economic growth in India.