Globalisation refers to the integration between countries through foreign trade and foreign investments by multinational companies. • It means integrating our economy with world economy. • Under globalisation a country becomes economically interdependent at the global or international level. • This happens at various levels. • Producers from other countries can come and sell their goods and services in India. • Similarly, Indian goods and services can be sold in other countries. Two factors that have enabled Globalisation: (i) Information Technology — Telecommunication facilities like mobile, internet fax have helped us at negligible cost. Now a new magazine published for London readers can be designed and printed in Delhi. (ii) Liberalisation of foreign trade and foreign investment – In India, trade barriers that were imposed after independence to protect producers’ interests in the country from foreign competition were removed after 1991. Businessmen were allowed to import or export freely.