Volume : VII, Issue : II, February - 2018

THE IMPACT OF GLOBALIZATION ON INDIA

S Uma Makesh

Abstract :

 

Globalization had made the whole world into a single common place. It is the process which expands and accelerates the movement of people, ideas and exchange of commodities across vast distance (Economic, Political and Cultural Integration). Globalization affects people with respect to their way of life, culture, values, taste, fashion and preferences. India has a rich cultural background and its culture is famous throughout the world. Our deep rooted traditions and customs have loosened up due to the emergence of globalization. Through globalization, the interchange of world views and ideas has resulted in a major transformation of the lifestyle and living standard of people. Indian culture is not an exception to this transformation process. Globalization has not only inculcated westernization and modernization in India, but conversely the Indian culture has also witnessed its impact worldwide. There has been both positive and negative impact of globalization on social and cultural values in India. The socio-cultural environment of a nation plays an important role in molding the future generations. This paper highlights the impact of globalization on India’s Social aspects, Trade, Financial sector and the Socio-cultural changes that have been witnessed post globalization in the Indian society. Throughout this paper, there is an underlying focus on both positive and negative impact of globalization on Indian economy.

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Article: Download PDF    DOI : https://www.doi.org/10.36106/gjra  

Cite This Article:

S UMA MAKESH , THE IMPACT OF GLOBALIZATION ON INDIA, GLOBAL JOURNAL FOR RESEARCH ANALYSIS : VOLUME-7, ISSUE-2, FEBRUARY-2018

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