Globalisation concepts, problems and challenges covering definition (economic, social, cultural, political phenomenon), integration of economies (technology, communication, trading blocs), trade vs aid debate, corporate expansion (MNCs/TNCs characteristics), corporate domination issues, obstacles to Indian business globalization (government policy, high cost, poor infrastructure, obsolescence, resistance to change, poor quality image, supply problems, small size, lack of experience, limited R&D, growing competition, trade barriers, corruption), factors favoring Indian globalization (human resources, wide base, growing entrepreneurship, domestic market, niche markets, NRIs, economic liberalization, competition), Indian business globalization background, benefits and problems comparison.