The globalization has its plus and minus. The Indus civilization had one of the most globalized economics of that time. Some cities specialized in the production of copper, others in beads and textiles-all meant for the export markets. Once again the period of Gupta Empire saw huge exports from India. India is known as the ‘golden bird’ though little gold is found in the country. The wealth of India in the past may be said to be substantially due to our having adopted an outward oriented trade policy.