Geography

Globalisation refers to the flow of ideas, capital, people and commodities across different parts of the world. It is the process of interconnectedness and interdependence among different countries around the world. It leads to more integrated and interlinked global economy. It is a multidimensional concept which has political, economic and cultural consequences.

Impact of globalisation on the Indian Society:

i) Economic Development and Growth- Globalisation has improved international trade relations and investment which leads to economic growth. The establishment of corporate world through multinational corporation leads to rapid urbanisation and transformation. The liberalisation policies of 1991 leads to the growth of GDP and attracts Foreign Direct Investments (FDI).

ii) Political Dimensions- Globalisation has leads to the rise of International Government Organisations (IGOs) and International Non- Governmental Organisations (INGOs). It has influenced India’s Foreign Policy by encouraging with international organisations and regional alliance. There is an increased India’s participation in global forums such as G20, BRICS and WTO which lead to global connectiveness.

iii) Cultural Dimension- There is a homogenisation of culture which is the process of increasing global interdependence and interconnectedness that lead to growing cultural uniformization and standardization. For example: there has been homogenisation of food habits with increase opening of McDonalds, KFC across the country. Many foreign languages such as French, German are been taught to the students in Indian schools. Festivals such as Valentines’ Day, Friendship Day Are now celebrated across the country.  Joint families have been affected largely due to globalisation which leads to increase number of old age homes.  Addition to this, there has been revival of ayurvedic medicines and increasing demand of handicraft products in and across the world.