In Python, variables that are only referenced inside a function are called implicitly global. If a variable is assigned a new value anywhere within the function’s body, it’s assumed to be a local. If a variable is ever assigned a new value inside the function, the variable is implicitly local, and we need to declare it as ‘global’ explicitly. To make a variable globally, we need to declare it by using global keyword. Local variables are accessible within local body only. Global variables are accessible anywhere in the program, and any function can access and modify its value.