Abstract:
The purpose of this article is to underline and to show the positive effects of globalization on economic
policy changes in the world on developing states, particularly India. Most of the scientists concern that globalization
brought negative effect to the developing countries economy. But we can see some positive patterns in the economic
development of India, and we can consider it as an example that economic globalization may bring positive influence
on developing states’ economies. Nowadays, India is member in major international institutions, including the G20
and BRICS. As a result, the influence of the country’s positions on the functioning of the global governance system
became one of the significant. India is most commonly viewed in tandem as the emerging power with the potential
to change the geopolitical order. Many scholars predict that by 2050 India can become one of the most predominant
emerging powers in the world economic and political arena.
