Question

Impact of globalisation in india​

Answer 1

Ответ:

There are some negative impact of globalization such as this process made disparity between rural and urban Indian joblessness, growth of slum capitals and threat of terrorist activities. Globalization increased competition in the Indian market between the foreign companies and domestic companies.

Answer 2

Globalization has had a profound impact on India, touching various aspects of its economy, society, and culture. Here are some of the key impacts of globalization in India:

1. Economic Growth: Globalization has opened up new markets and opportunities for Indian businesses. The liberalization of the Indian economy in the 1990s led to increased foreign direct investment and trade, contributing to higher economic growth rates.

2. Foreign Direct Investment (FDI): India has become an attractive destination for FDI, leading to increased investment in sectors like technology, manufacturing, and services. This has created jobs, increased productivity, and improved infrastructure.

3. Technology and Innovation: The IT and software services industry in India has flourished, with many Indian companies becoming global leaders. This sector has been a significant driver of economic growth and technological innovation.

4. Services Sector Growth: Globalization has led to the growth of India's services sector, including outsourcing, call centers, and business process outsourcing (BPO). India is a preferred destination for companies looking to outsource various services due to its skilled workforce and cost-effectiveness.

5. Education and Skilled Workforce: Globalization has improved access to international education and training. It has led to a more skilled and globally competitive workforce, making India a hub for skilled professionals.

6. Cultural Exchange: Globalization has facilitated greater cultural exchange through the spread of information, entertainment, and media. Indian culture, including Bollywood, yoga, and cuisine, has gained popularity worldwide.

7. Infrastructure Development: In order to support globalization, India has invested in infrastructure development, such as transportation and communication networks, which has improved connectivity and reduced logistical challenges.

8. Urbanization: Globalization has contributed to rapid urbanization as more people move to cities in search of better economic opportunities. This has created both opportunities and challenges, such as increased demand for housing and services.

9. Income Inequality: While globalization has brought economic growth, it has also led to income inequality in India. The benefits of globalization have not been distributed equally, with a significant wealth gap between urban and rural areas.

10. Environmental Challenges: The increased industrialization and consumption associated with globalization have placed pressure on the environment, leading to issues like pollution, deforestation, and water scarcity.

11. Cultural Impact: While Indian culture has had a global influence, there is concern about the impact of Westernization and consumerism on traditional values and practices.

12. Challenges in Agriculture: Globalization has exposed Indian agriculture to international markets, which can be both an opportunity and a challenge for farmers. It has led to changes in agricultural practices and the need for more sustainable approaches.

13. Healthcare and Pharmaceuticals: India has emerged as a major player in the global pharmaceutical industry, producing generic medicines at affordable prices, which has benefited both the domestic and global population.

In conclusion, the impact of globalization in India is multi-faceted, with both positive and negative consequences. While it has driven economic growth and technological advancement, there are also concerns about inequality, cultural changes, and environmental challenges. India continues to navigate the complexities of globalization as it seeks to harness its advantages while addressing its challenges.