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INTRODUCTION
Globalization means rapid integration and
inter-connection between the countries
of the world.
In broad sense globalization means
combination of economies and societies
 Greater global closeness - Amartya Sen
The wave of Globalization hitted India in
the end of 20th century
Adopted in 1991 along with
Liberalization and Privatization
By the then prime
mister of India
P.V. Narasimha Rao
IMPACT OF GLOBALIZATION:
Political
Cultural
Social
Economic
Environmental
 international Rules by WTO, IMF and NATO
International conferences
Access to international aid and support
Political
World peace
Limitations to nationalism
POSITIVE:
Threat of
Terrorism
Domination
of big
capitalist
nations
NEGATIVE:
Access to new cultural products
and food habits
No cultural shock
Adoption of global culture trends
International brands
Cultural attitude - human rights, women
empowerment, feminism
cultural
POSITIVE:
Change in life style i.e. food clothing
social values family structure
NEGATIVE:
Domination of foreign culture
Mixing of cultures- new and unique culture
Many cultures lost identity
social
Standard of living
Social infrastructure
Health
sanitation
communication
Internet access
E-Commerce
POSITIVE:
migration
Social
inequalities
Growth of
slums
NEGATIVE:
economic
Improvement of trade
Adoption of New technology
Economic growth
Economics of scale
POSITIVE:
Access and Competition in global market
Improvement of banking system
Agriculture development
Division of skilled labor
Research and development
100% FDI
Employment across the globe
Low wages
Structural unemployment
Brain drain
No market for domestic products
Monopoly power of MNC’s
Cut – throat competition
NEGATIVE:
Environmental
Air pollution
Land pollution
Water pollution
Sound pollution
Marine pollution
conclusion
From 1991 to this day India is running with
the current of globalization
The main aim of globalization is make
the entire world into global village
Through globalization the diverse world is
united into a global society
Through the globalization the entire world
experience the next stage of technology
and development
Thank
you
SUBMITTED BY:
PANUGANTI.MANASA
M.A(ECONOMICS)

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Globalization in india