IMPACT OF

GLOBLIZATION
ON INDIA
ROLL NO : JOANA VIDYATHI(5535)
VISHAL SHELKE (5532)
INTRODUCTION
 Globalization and poverty epitomize two of the
most pressing issues in India’s growth issues.
 Globalization and opening up of indian economy
has certainly spurred indian economic growth.
 Unfortunately this growth does not show as
evenly and effective in poverty estimates.
 Our approach was to relate poverty index with
growth to determine how much the fruits of
growth actually reach the poor.
 We also studied how the poor and destitute
benefit from globalization in specific indian
states.
WHAT IS
GLOBLIZATION ?
Globalization refer to the trend toward countries
joining together

economically, through education, society and

politics, and viewing themselves not only through
their national identity but also as part of the
world as a whole.
IMPACT
 ECONOMIC IMPACT
I. Improvement in standard of living
II. Increased competition among nations
III. Widening income gap between the rich and
poor
 SOCIAL IMPACT

I. Increased awareness of foreign cultures

II. Loss of local culture
 ENVIRONMENTAL IMPACT

I. Environmental degradation
II. Environmental management
ADVANTAGES OF
GLOBALIZATION
 Global mass media ties the world together.
 Increased flow of communications allows vital
information to be shared between individuals and
corporations around the world.
 Greater ease and speed of transportation for
goods and people.
DISADVANTAGES OF
GLOBALIZATION
 Globalisation is helping the developed economies
more than the developing economies.
 Multinational companies and chinese goods will
flood the market at cheaper rates and there will
be no takers for local products.
 Entry of MNC supermarket and hypermarket
chains would cause severe displacement of small
and unorganised shopkeepers and traders
 None of the multinationals that has set up
manufacuturing plants in India has signed any
technology transfer agreement with any Indian
company.
NEGATIVE EFFECTS OF
GLOBALISAITON
 Agriculture on the backburner
 Disparity between rural and urban India

 Unemployment (ILO Report)

 Growth of slum capitals

 Threat of terrorism and more

CONCLUSION
Economic liberalization has increased the
responsibility and role of the private sector. At
the same time, it has reduced the control of the
government on economy affairs. It is expected
that the reforms would liberalize the indian
economy enough to create a conducive
environment for rapid economic development.
REFREANS