India and Globalization

- Nayan Chourey

Globalization 

India facing Globalization  

Globalization 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 facilitated the world in becoming a “global village”. Increasing interaction between people of different countries has led to internationalization of food habits, dress habits, lifestyle and views. 

India and the Globalization 

India is a country which successfully implemented and accepted globalization, rising of foreign investments and interest of MN-C's in Indian market, which supported Indian economy to rise and also to expand. Many Indian companies have expanded their businesses around the globe, India is a very diverse country with second large number of population on the earth, which always attracted new ideas to succeed and establish new companies. The benefits of the effects of globalization in the Indian Industry are that many foreign companies set up industries in India, especially in the pharmaceutical, BPO, petroleum, manufacturing, and chemical sectors and this helped to offer great opportunities for employment to Indian people. Also this helped to reduce the level of unemployment and poverty in the country.

Effects of Globalization in India 

Effects can be seen by both prospective views, from it's both sides, Positive effects and Negative effects. Changes may occur as good but also can effects badly to society. Same happened with India, Few people supported these changes and some stood against it. Also it effects different sectors in two different ways, to read about negative effects you can read blog of https://uniquecreation100.blogspot.com/2021/10/the-negative-impact-of-globalization-in.html

We will discuss the positive effects of Globalization in India.

Positive effects of globalization in India

Globalization created major changes in number on graphs and ratios, it increased the growth rates, education ratios, growth in GDP, and made a big economical impact on India. 

Economical Impact:

1. Greater Number of Jobs: The advent of foreign companies and growth in economy has led to job creation. However, these jobs are concentrated more in the services sector and this has led to rapid growth of service sector creating problems for individuals with low level of education. The last decade came to be known for its jobless growth as job creation was not proportionate to the level of economic growth.   
2. More choice to consumers: Globalization has led to a boom in consumer products market. We have a range of choice in selecting goods unlike the times where there were just a couple of manufacturers.
3. Higher Disposable Incomes: People in cities working in high paying jobs have greater income to spend on lifestyle goods. There has been an increase in the demand of products like meat, egg, pulses, organic food as a result. It has also led to protein inflation.

4. Increase in compensation: After globalization, the level of compensation has increased as compared to the domestic companies due to the skill and knowledge a foreign company offers. This opportunity also emerged as an alteration of the management structure.
   

5. High standard of living: With the outbreak of globalization, the Indian economy and the standard of living of an individual has increased. This change is notified with the purchasing behavior of a person, especially with those who are associated with foreign companies. Hence, many cities are undergoing a better standard of living along with business development.
    

Social and Educational impact 

• Access to education: On one hand globalization has aided in the explosion of information on the web that has helped in greater awareness among people. It has also led to greater need for specialization and promotion of higher education in the country. 

• Indian Cuisine: is one of the most popular cuisines across the globe. Historically, Indian spices and herbs were one of the most sought after trade commodities. Pizzas, burgers, Chinese foods and other Western foods have become quite popular.
  

• Indian Performing Arts: The music of India includes multiples varieties of religious, folk, popular, pop, and classical music. India’s classical music includes two distinct styles: Carnatic and Hindustani music. It remains instrumental to the religious inspiration, cultural expression and pure entertainment. Indian dance too has diverse folk and classical forms. 

 

Bharatanatyam, Kathak, Kathakali, Mohiniattam, Kuchipudi, Odissi are popular dance forms in India. Kalarippayattu or Kalari for short is considered one of the world’s oldest martial art. There have been many great practitioners of Indian Martial Arts including Bodhidharma who supposedly brought Indian martial arts to China. 

 

The Indian Classical music has gained worldwide recognition but recently, western music is too becoming very popular in our country. Fusing Indian music along with western music is encouraged among musicians. More Indian dance shows are held globally. The number of foreigners who are eager to learn Bharatanatyam is rising. Western dance forms such as Jazz, Hip hop, Salsa, Ballet have become common among Indian youngsters. 

 

• Pervasive Media: There is greater access to news, music, movies, videos from around the world. Foreign media houses have increased their presence in India. India is part of the global launch of Hollywood movies which is very well received here. It has a psychological, social and cultural influence on our society.

• Emerging Adulthood: The timing of transitions to adult roles such as work, marriage and parenthood are occurring at later stages in most parts of the world as the need for preparing for jobs in an economy that is highly technological and information based is slowly extending from the late teens to the mid-twenties. Additionally, as the traditional hierarchies of authority weaken and break down under the pressure of globalization, the youth are forced to develop control over their own lives including marriage and parenthood. The spread of emerging adulthood is related to issues of identity.

 

Globali
ation is an age old phenomenon which has been taking place for centuries now. We can experience it so profoundly these days because of its increased pace. The penetration of technology and new economic structures are leading to an increased interaction between people. As with other things there have been both positive and negative impacts on India due to it.

Conclusion: We cannot say that the impact of globalization has been totally positive or totally negative. It has been both. Each impact mentioned above can be seen as both positive as well as negative. However, it becomes a point of concern when, an overwhelming impact of globalization can be observed on the Indian culture.