Globalization can be defined as the integration of a country's economy with the world economy through the free flow of goods, services, capital, and labor across borders. It involves several elements including economic, political, cultural, and infrastructure factors. Economically, it has emerged through international trade, foreign direct investment, and the movement of labor. Politically, it involves foreign investment policies and making the environment investor-friendly. While globalization can increase employment and living standards through access to global markets and investment, it also poses challenges like threats to local markets and cultural influences from developed countries. For India to fully benefit from globalization, changes are needed in perceptions and attitudes towards adopting global practices and behaviors.

1. GLOBALIZATION
Mohit Verma

2. What does it Mean?
 In basic Hindi meaning it is Known as
“वैश्ववकरण”
 Globalisation can be defined as "integration of a country's
economy with world economy, where goods and services as
well as capital move across the border, where a country's
financial markets can be affected by fluctuations in the global
market.
 Ex- One shirt sold in the United States could have been made
from Chinese cotton by workers in Thailand. Then it could
have been shipped on a French freighter that had a Spanish
crew.
Mohit Verma

3. Elements of Globalization
 Here comes some basic ingredients of the
Globalization-
 Economy
 Political
 Cultural
 Acceptability
 Initiative to Change
Mohit Verma

4. Economy
Economic globalization has emerged as a result of the
merging of economies across the world through the free
flow of capital, goods, technologies, and skills
 International trade
 Large scale Industrial Setup
 Foreign Direct Investment
 Capital market flows
 Migration (movement of labour)
 Technology transfer
 Ease in Trade
 International Standard product in local market. Etc.
Mohit Verma

5. Political
It is all about the Government’s initiatives towards making
the nation Globalized.
 Foreign investment policies
 International Agreements
 Empowerment to citizens
 Focus towards the sectors (Inc. Taxations, Subsidies etc.)
 Channelizing the Funds (Planning, Allocation)
 Make an Investment & Investor Friendly environment.
(Single Window system, No Red-tapism, Bureaucracy)
Mohit Verma

6. Example- “Make in India”
Mohit Verma

7. Infrastructure
The basic equipment and structures (such as roads and
bridges) that are needed for a country, region, or
organization to function properly.
Nation’s Destiny depends upon its Infrastructural
development. As it is a crucial element for the nation’s
development.
 Digital infrastructure
 Sustainable Development
 Eco friendly Infrastructure
 International standard infrastructure
Mohit Verma

8. Pros of Globalization
 Increase in Employment
 Enhancement of Living Standard & Purchasing Power
 Forex reserve would be generation with optimum Export
 Defence Research & Development
 Arrival of global market giant
 Investment of Capital
 Ease in Trade
Mohit Verma

9. Cons of Globalization
 Challenge for the indigenous (Local) market.
 The developed countries show their mastery over the
developing countries. This brings danger to the sovereignty of
that country.
 Economic Slavery by taking loans from World Bank or IMF
 Cultural Decadence.
 The developed countries regulate the market of the developing
countries which gives the feeling of colonialism in a new form
 the developed countries exploit the labourers, workers and
child-labourers of those countries.
Mohit Verma

10. Past India
Mohit Verma

11. Mohit Verma

12. Mohit Verma

13. What We need?
“Are we ready to be Globalized?”
India is already a globalized nation, what we need is to
globalized ourselves, in terms of Perception, Attitude,
Manners and Ethics.
“We talk in Western, we walk in western, we wear the
western, we accept their customs, we are eager to
accept their behaviour.”
But still we don’t want to Act, Behave alike their manners.
Mohit Verma

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