GOBALIZATION AND ITS
IMPACT ON INDIAN SOCIETIES FREE ARTICLE FOR IAS UPSC
Globalization has become a key word in today's
world. And the world of today is very different
from what it was ten years ago, even from what it was yesterday. Today, development happens overnight. One of the countries that has been focused on during the past decades is India. India,the diverse country with deep rooted traditions, a deep rooted culture and religion that lives alongside
one of the fastest growing economies in the world. India is an ancient state but a modern
civilisation. Interesting is the fact that this ancient state has "survived" during the process of globalisation. Especially India's diverse and deeply rooted culture which has always been and still is influenced by a lot of different religions, languages and traditions. Additionally, in connection with
globalisation, the western values seem to have
gained acceptance in India.
If we look at one of the many definitions of
globalisation which is free trade and free mobility of goods, it is evident that globalisation has changed india. India's market has changed from being an seller's market into being a consumer's market.
Concerning the economic matters, undoubtedly, India has gone through a rapid change during the past decades this is a continuing process. These definitions of globalization do not consider the economy but also the issue of culture which is the
focus point."Globalization is a term that tries to
capture the rapid social change that is occurring simultaneously across a number of dimensions, including the economy, politics, communications and culture.
"Critics of globalization contend that, even if
increased trade promotes material prosperity, it comes with a high spiritual and cultural cost,
running roughshod over the world's distinctive
cultures and threatening to turn the globe into one big, tawdry strip mall."
Socialization of people for improving business
and financial activities across the globe can be
referred as globalization. It is not a new
phenomenon as people kept searching new places and avenues to increase their business activities as evident by explorations of Vasco da Gama,
Columbus and East India Company. Bitter
experiences from East India Companies & British rule make Indians little bit cautious for adventures of globalization. This has been the root cause for delay in liberalization in India. In the initial sense of the term, globalization refers to the spread of new forms of non-territorial social activity. To make the term more clear, Globalization has been defined
as the process of rapid integration of countries
happening through greater foreign trade and
foreign investment.
In essence, it refers to increased possibilities for action between and among people in situations irrespective of geographical considerations as per the definition of social theorists. Developed countries have been trying to pursue developing countries to liberalize the trade and allow more flexibility in business policies to provide equal opportunities to multinational firms in their domestic market. International Monetary Fund (IMF) and World Bank has helped them in this endeavo.
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