India and Globalization
- Nayan Chourey Globalization India facing Globalization G lobalization defines the growing interdependence of the world’s economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information. One of the effects of globalization is that it promotes and increases interactions between different regions and populations around the globe. The wide-ranging effects of globalization are complex and politically charged. As with major technological advances, globalization benefits society as a whole, while harming certain groups. Abundant theoretical studies demonstrated that globalization intercedes in a cultural life of populace that raises numerous critical issues. The factors which are aiding globalization are Technology, LPG Reforms, Faster Transformation, Improved mobility of Capital, Rise of MN-C's. These factors have helped in economic liberalization and globalization and have f...