ACKNOWLEDGEMENT

In preparation for my assignment, I have taken the help and guidance

of some persons, who deserve my deepest gratitude. The completion of
this assignment gave me much pleasure. I would like to express my
gratitude to my guide ‘MISS MEERAMBIKA PATTNAIK’ faculty of
‘SOCIOLOGY’ at SOA National Institute of Law, for giving me good
supervision for my assignment throughout numerous consultations.

I would also like to thank our dean of the institution ‘PROF.DR.S.A.K.

AZAD’ for allowing me to do this assignment. I would also like to
express my gratitude to all who have directly and indirectly assisted me
in doing and improving the quality of my assignment.

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 CERTIFICATE

This is to certify that PRATEEK BAL BA.LLB(H) Section: B bearing

the Red. No-2341802115 has made a study on “IMPACT OF
GLOBALISATION ON INDIAN SOCIETY". This project work is
genuine and fair to the best of my knowledge and belief. MISS
MEERAMBIKA PATTNAIK’ (Asst. Professor of Sociology) SOA
National Institute of Law

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 DECLARATION

I Prateek Bal do hereby declare that the project entitled, A topic on

“IMPACT OF GLOBALISATION ON INDIAN SOCIETY"
Submitted by me is original and genuine I have not submitted this
project anywhere before.

Name: Prateek Bal

Date: 13th -05- 2024
Place: Bhubaneswar
Class-BA.LLB(H)
Roll.no-2341802115

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 TABLE OF CONTENT

Sl no. Topic Page no.

1 Abstract 5

2 Meaning and 5
Definition
3 Research Question 7
4 Main Body 7-8
5 Conclusion 9
6 References 10

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Abstract

Globalization and urbanization have had a profound impact on Indian society, leading to a
significant shift in Indian culture. The economic policies of the government have been instrumental
in shaping the country's economic landscape, including income levels, savings, investments, and
employment opportunities. However, it is important to recognize that effective economic reforms
cannot be implemented without first addressing key domestic concerns, such as counterterrorism
efforts, job opportunities for rural educated individuals, the empowerment of women and
marginalized groups, and fair market prices and facilities for farmers. As India continues to integrate
its economy with global markets, it must navigate various areas of conflict and cooperation while
safeguarding its national interests. Naidu,2006, Globalisation and Its Impact on Indian Society.
Volume 67(1), p.60.)

Meaning and Definition

Globalization has ushered in countless positive changes that are felt across the globe, regardless
of your current location. It has facilitated connections and communication between individuals
from various regions in ways previously unimaginable. Furthermore, globalization has created
new avenues for businesses to thrive and expand on an international level. India, in particular,
has experienced a noteworthy impact from this global shift.

Technology has made life easier by allowing us to access everything we need with a click.
However, this was not always the case. The world was not as connected in the past, and
international trade and investment were not as widespread.

Globalization has changed this. It has helped countries grow quickly by allowing foreign
investments. India is a prime example of a developing nation that has benefited greatly from
globalization. It has played a crucial role in their economic progress. As a result, the Indian
economy and globalization are closely connected. (Gaur, 2015, Effects of Globalization on the
Contemporary Indian Society, p.2-3.)

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What is Globalisation?
Globalisation is a complex process that involves integrating a nation's economy with the global
economy. It encompasses a range of strategies designed to promote interdependence and
integration, including the creation of networks and the breaking down of social, economic, and
geographical barriers. The ultimate aim of globalisation is to establish connections that enable
events in one part of the world to impact events in another, allowing happenings in other
countries to influence events in India. Essentially, globalisation aims to facilitate interaction
and collaboration among people, corporations, and governments across the globe.

The term "globalisation" has come to mean, especially in the context of modern economics,
the process by which a company or other organization either begins to operate on a worldwide
scale or increases its influence in the nations in which it conducts business. As many people
see the benefits of globalisation, it has many advocates.

Globalisation has allowed people from different parts of the world to enjoy the latest modern
technologies developed elsewhere. For instance, smartphones produced by Apple and Google
are commonly used worldwide, while internet-based technologies like Zoom have played a
crucial role in keeping many businesses afloat. These advancements have made it easy for
individuals and corporations from different countries to connect and conduct business
effortlessly. (Naidu,2006, Globalisation and Its Impact on Indian Society. Volume 67(1), p.65-76.)

GLOBALISATION AND THE PEOPLE OF INDIA

Globalisation, liberalisation, and privatisation are the three key components of India's National
Education Policy. Among these, globalisation refers to the increasing integration of the Indian
economy with the rest of the world. This involves reducing import duties and export
restrictions, promoting foreign investment, and allowing the flow of foreign technology and
skills. Liberalisation aims to remove bureaucratic regulations and controls on private corporate
enterprises. Privatisation is a process that involves the private sector in the ownership and
operation of businesses.

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RESEARCH QUESTION

1. What is the effect of globalisation on Indian society

2. What are the impacts of globalisation on the Indian economy
3. What is the cultural impact of globalisation on Indian society
4. What are the effects of globalisation on Indian women

ANALYSIS:

Effect of globalization on Indian society

Globalization is a complex phenomenon that encompasses political, cultural, social, and
economic aspects. Financial integration is the most ubiquitous aspect of globalization. India is
one of the world's fastest-growing economies and is expected to be among the top three in the
coming decade. The country's remarkable economic growth is primarily attributable to
globalization, which did not occur until the 1990s. Since then, India's gross domestic

product (GDP) has grown at an unprecedented pace.

Impact of globalization on the Indian economy

Globalization has had numerous positive impacts on India, leading to significant
transformations in various aspects of the country. The economy, international trade relations,
technology and communication, the corporate world, and social and cultural expansion have
all experienced tremendous growth. By implementing free trade policies, such as reducing
export subsidies and import barriers, India's market has become a highly attractive destination
for the global community. This change has unlocked the untapped potential of the Indian
market, leading to significant improvements in the industrial, financial, and agricultural sectors
of the country. India's industrial sector has greatly benefited from foreign capital investments
pouring into the country. This has made it a prime offshore market for pharmaceutical
manufacturing, chemical, and petroleum industries. These investments have introduced
advanced technologies and processes, leading to the modernization of the Indian industrial
sector. Thanks to globalization and privatization, India's financial sector has undergone a

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complete transformation from being plagued by corruption and mismanagement to becoming
a more dynamic and efficient industry. (ClearIas Team, Effects of Globalization on Indian
Society, 2022 )

The cultural impact of globalization on Indian society

Over the years, globalization has expanded access to entertainment, including television and
satellite options in rural areas. In urban areas of India, there has also been a noticeable increase
in restaurants, movie theatres, malls, and high-rise buildings. Bollywood has successfully
extended its reach to a global market, incorporating Western styles and attracting international
investments from major companies and brands. As a result, new cultural ideologies have
influenced the population, pushing for a re-evaluation of traditional Indian culture. Thanks to
globalization, women are also benefiting from greater opportunities for employment and
improved conditions, with technology enabling greater negotiation of their roles and status.

(Clear Ias Team, Effects of Globalization on Indian Society, 2022 )

The Effect of Globalisation on Indian Women

Globalization has created new employment opportunities for women in India, particularly in
sectors such as IT, manufacturing, and services. This has significantly contributed to their
economic empowerment. Furthermore, the increased globalization has led to more women in
India having access to education. This has provided them with the knowledge and skills they
need to participate in the global economy. Additionally, globalization has allowed Indian
women to connect with international feminist movements, which has enabled them to advocate
for gender equality, reproductive rights, and other important issues.

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Conclusion
This paper aims to provide a thoughtful analysis of the impact of globalization on contemporary

Indian society, with a particular emphasis on the economic, social, and cultural facets. The

traditional Indian culture, which has been preserved over generations, is transforming and

blending with Western culture. The economic progress made in recent years is commendable,

but not without challenges. The cultural heritage of India is in a delicate state, and we must

ensure that it is not lost in the face of globalization. While the blending of Indian culture with

other cultures around the world presents opportunities, it is also important to consider the

potential long-term effects. As India continues to engage with the world, it is crucial to balance

economic growth with cultural preservation. We must strive to find a way to maintain our

cultural identity while embracing the benefits of globalization.

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 References

1. Effects of Globalization on Indian Society. (2022). Clear IAS Team.

2. Gaur, J. R. (2015). Effects of Globalization on the Contemporary Indian Society.
ResearchGate, 1.
3. Naidu, Y. (2006). Globalisation and its impact on Indian society. Jstor, 66-67.

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