1. KIIT School of Rural Management Bhubaneswar 1

2. GLOBALISATION
The term globalization means International
Integration.
 It is a process through which the diverse world is
unified into a single society.
 Opening up of world trade,
 Development of advanced means of communication,
 Internationalisation of financial markets, growing
importance of MNC's, population migrations
 More generally increased mobility of persons, goods,
capital, data and ideas
2

3. Impact of Globalization on Indian
Rural Economy
 Abolition of intermediaries such as zamindar
and land lords.
 Development of credit facilities such as MFIs.
 Development of technology
 Empowerment of rural women
 Generation of employment due to setting up
of mills and factories near by villages.
 Change in life style
 Increased migration: Certainty of income
3

4. Impact of Globalization on
Indian Agriculture
 New farming practices, Improved mechanization in
agriculture such as drip irrigation, etc.
Use of high yielding varieties specially of cash
crops, multi nutrient fertilizers, broad spectrum
herbicides, etc.
Subsistence farming to capitalist farming, contract
farming.
Lack of bio diversity due to mono
cropping, deforestation 4

5. Impact of Globalization on
Indian Agriculture: Contd….
 Spending of money in ill practices.
 Lack of interest in agriculture sector
 Rich goes richer and poor goes poorer
 Value addition of agricultural products
 Export of rural commodities
5

6. Impact on Rural Culture
 Acculturation of rural culture
 Cultural Lag
 Proselytization
 Social Mobility
 Change in beliefs and thinkings-eg: freedom
of women to work and superstitions.
6

7. Impact on Rural Culture:
Contd…
 Increase in knowledge
 Increase in ill practices eg: consumption of
cigarettes and foreign liquor
 Changes in marriage practices.
 Improvement in education.
 Change in lifestyle
7

8. Conclusion
 The impact of Globalization on Indian rural
economy has changed the face of modern India.
 More or less the farmers have been benefitted .
 Rural economy is the backbone of India and the
impact of globalization has catapulted India as one
of the global superpowers.
 However rural India must tread cautiously on the
path of globalization as its negative effects can
prove to be catastrophic. 8

9. Abhishek Singh (12201002)
Anoop Mishra (12201005)
Chandra Prakash (12201011)
Suvrojit Choudhury (12201043)
Krushna C. Hembram (12201018) 9