Some Aspects of External Dimensions of Indian Economy in the Age of Globalisation

External dimensions of Indian economy in the age of globalisation are viewed in this paper in terms of unabated opening up of the economy with respect to both trade and foreign capital flows. This paper empirically shows that with more opening up of the economy there is more and more transfer of financial resources abroad from the Indian economy. So opening up through neoliberal globalisation is a ploy of global capitalism to extract super duper surplus from India. Analytically also the paper makes an attempt to negate the recent policy reforms (as is imminent in allowing FDI in multi-brand retail, aviations and insurance and in relentless efforts of the Government in slashing down fiscal deficit) as anti-growth and more attuned to the interests of global finance and capital. Byasdeb Dasgupta a été invité par la FMSH à séjourner en France comme Directeur d' étude associé (DEA) du 15 octobre au 15 novembre 2012. Il avait effectué un premier séjour de DEA à l'invitation de la FMSH en novembre 2010. Les Working Papers et les Position Papers de la Fondation Maison des sciences de l'homme ont pour objectif la diffusion ouverte des tra-vaux en train de se faire dans le cadre des diverses activités scientifiques de la Fonda-tion : Le Collège d' études mondiales, Bourses Fernand Braudel-IFER, Programmes scien-tifiques, hébergement à la Maison Suger, Séminaires et Centres associés, Directeurs d'études associés... Les opinions exprimées dans cet article n' en-gagent que leur auteur et ne reflètent pas nécessairement les positions institutionnelles de la Fondation MSH. The Working Papers and Position Papers of the FMSH are produced in the course of the scientific activities of the FMSH: the chairs of the Institute for Global Studies, Fernand Braudel-IFER grants, the Founda-tion's scientific programmes, or the scholars hosted at the Maison Suger or as associate research directors. Working Papers may also be produced in partnership with affiliated institutions. The views expressed in this paper are the author's own and do not necessarily reflect institutional positions from the Foundation MSH. Abstract External dimensions of Indian economy in the age of globalisation are viewed in this paper in terms of unabated opening up of the economy with respect to both trade and foreign capital flows. This paper empirically shows that with more opening up of the economy there is more and more transfer of financial resources abroad from the Indian economy. So opening up through neoliberal globalisation …