As globalization is need of the hour, therefore it is important to get acquainted with the term in detail, it's effect, use and more from pin to plane. Thereby, the post text in the following presentation will enlighten knowledge about the changes, challenges, advancements, it's advantages and disadvantages of globalization in detail.

1. Globalization
The Impact on Indian Society and Economy
By-
Ms. Rani Sharma
Ph.d Scholar
Department of management
The IIS University, Jaipur
1
5th Rajasthan Science Congress ; October 13-15, 2017; Amity University Rajasthan

2. ABSTRACT
Present research attempts to highlight the impact of globalization
on the most prominent developing country "India".
As globalization is need of hour, therefore it is important to get
acquainted with the term in detail, it's effect, use and more from pin
to plane.
Thereby, the post text in following research presentation, will
enlighten knowledge about the changes, challenges,
advancements, it's advantages and disadvantages of globalization
in detail.
25th Rajasthan Science Congress ; October 13-15, 2017; Amity University Rajasthan

3. INTRODUCTION
Globalization is a process, which integrate different-
Societies
Economies
Tradition and culture
on world scale through support of communication and idea
exchange.
35th Rajasthan Science Congress ; October 13-15, 2017; Amity University Rajasthan

4. HISTORY OF GLOBALIZATION(INDIA)
Earliest forms of globalization are the trade links between the
Sumerian civilization and the Indus Valley Civilization.
In medieval age, Jewish and the Muslim traders started going to
various parts of the world to sell various items.
It continued to further in Modern age, countries like India, Sri Lanka,
Indonesia gained independence. (Establishment of UNO, is major step
in this regard)
45th Rajasthan Science Congress ; October 13-15, 2017; Amity University Rajasthan

5. POSITIVE IMPACT OF GLOBALISATION ON
INDIA
Economic growth and capital formation (by capital flow of
technology)
Raising employment opportunities (poverty alleviation)
Foreign Direct Investments
Higher standard of living
Enhanced and skilled education
55th Rajasthan Science Congress ; October 13-15, 2017; Amity University Rajasthan

6. Cheap labour
Collaborating (Indian companies shine outwards)
Technological advancement (smooth production with more profit)
More economic activities
Better quality goods at much reduced price
Reducing gender inequality in India (equal opportunities)
Continues….
65th Rajasthan Science Congress ; October 13-15, 2017; Amity University Rajasthan

7. NEGATIVE IMPACT ON INDIA
Indian and small retailer's faded away
Wage differentiation for unskilled labors.
Poor condition of laborers (they have to accept the reduced wages due
to infinite supply of labors)
Harder for local producers to survive.
Human beings been turned into machines
75th Rajasthan Science Congress ; October 13-15, 2017; Amity University Rajasthan

8. India faces many challenges like-
 Complex procedures and trade entry barriers.
Not clear understanding of GST .
 GNI per capita remains poor, due to high population growth rate.
 Inadequate and poor infrastructure.
Disallowing foreign investment in many areas.
Required improvement education and health care.
85th Rajasthan Science Congress ; October 13-15, 2017; Amity University Rajasthan

9. RESEARCHED DATA AND FINDING
Foreign Direct Investment, as compared to 0.1% of GDP in 1991, has
increased to 2% at present scenario.
India's average annual growth rate have doubled in 80's to 5.9%.
GDP growth rate 9% in 2009-2010 to 9.4% in 2013-14.
Under Modi government, GDP growth has hit 3-year low of 5.7%.
(Demonetization and GST is most obvious reason to adversely
affect this)
If all goes in positive way, by 2025, Indian economy in size seems to be
almost 60% of US economy.
95th Rajasthan Science Congress ; October 13-15, 2017; Amity University Rajasthan

10. In terms of purchasing power parity, ranked 4th and will overtake
Japan within next 10 years.
 In terms of export, it has bounced up by 22.5%.
Compared to manufacturing sectors, industrial sectors
have faster growth in last 10 years (due to greater use of I.T. in
trade) which led to growth at 8% annual growth rate in service
sector, whereas 6% growth in manufacturing sector.
Continues….
105th Rajasthan Science Congress ; October 13-15, 2017; Amity University Rajasthan

11. CONCLUSION
After the analysis, I concluded that Globalization had both desirable and
undesirable consequences for India.
Globalization resulted in growth of Indian economy, which has improved
lives of many people. It also increased employment opportunities.
However on other side, it widened gap between rich and poor resulting
in more oppression for those at the bottom of social ladder.
It may be said, globalization is inevitable in the twenty first century
despite it's disadvantages considering the advances in information
technology which led to more integration between nations. As such, it has
created both winners and loser in India.
115th Rajasthan Science Congress ; October 13-15, 2017; Amity University Rajasthan

12. SUGGESTION
I feel that, opening the door for globalization with
neutral domestic policies and regulatory constraints
will amount to increase in per capita income and
best way to grab advanced technologies for
technological advancement.
125th Rajasthan Science Congress ; October 13-15, 2017; Amity University Rajasthan

13. Thank you
135th Rajasthan Science Congress ; October 13-15, 2017; Amity University Rajasthan