Globalization is the process in which people, ideas and goods spread throughout the world,

spurring more interaction and integration between the world's cultures, governments
and economies. Globalization as a term came to prominence in the 1980s. the trade routes of the
Silk Road carried merchants, goods and travelers from China through Central Asia and the Middle
East to Europe and represented another wave of globalization.
The term is most frequently used in reference to creating an integrated global economy marked
by free trade, the free flow of capital and corporate use of foreign labor markets to maximize
returns. However, some use the term globalization more broadly, applying it to the movement of
people, knowledge and technology across international borders; some also apply it to the free
flow of cultural, environmental and political discourse. the early 21st century has seen a dramatic
increase in the pace of global integration, driven primarily by rapid advances in
technology and telecommunications. In general, money, technology and materials flow more
swiftly across national boundaries today than they ever have in the past. The flow of knowledge,
ideas and cultures are flowing with increasing speed as well, enabled by the near
instantaneousness of global internet communications.

OBJECTIVES
 To study the growth of information technology and communication and it’s impact manifested in everyday life.
 To examine impact of globalization on industry; changes in employment and increasing migration.
 To bring out the changes in the agrarian sector due to globalization; rise in corporate farming and increase in farmer’s suic ides.

Importance of Globalization In India

The importance of globalization is as follows:-

(a) Proper use of Resources: Globalization leads to expansion of markets and this enable organization to make proper
use of available resources.

(b) Multiple choices: No country is self sufficient and every country depends upon other country. Globalization has solved
this problem and people can have better choice to satisfy their need.

(c) Foreign Exchange: Globalization encourage exports and discourage imports. This help to earn foreign exchange.

(d) Creates Employment: Globalization helps to provide employment to a large number of people. Multinational
companies such as Business Process Outsource popularly known as Call centre employs and appoint a large number of
personnel with high pay scale and other benefits.

(e) Government incentives: Government also provides various incentives in taxes, custom duties, pre-shipment finance,
post shipment finance and many more. This is done to encourage globalization.

(f) Technology: Technology is the latest and fruitful outcome of globalization. It is the best even gift. Technologies not
only increase efficiently but the organization and everyone having a little knowledge can update one and can stand by
world. Globalization not only enables competition but also very much helpful for profit of maximization.

(g)Spreading of Risk of Loss: Business thy name is risk. There may be different types of losses in every business. Various
losses which may be in domestic market can be easily compensated from international market.

(h) Benefit to the consumers: Globalization encourages free and fair competition at world level. Due to this,
organizations try to supply quality goods and that also at a reduced price. This benefits consumers.

Impact of Globalization:

Impact of globalization on education in India

There is immense effects observed in educational sector due to globalization such as literacy rate become high and Foreign Universities are
collaborating with different Indian Universities. Globalization promotes new tools and techniques such as E-learning, Flexible learning, Distance
Education Programs and Overseas training. It is observed in current Indian society that through globalization, women have gained certain
opportunities for job options and to recognize women's rights as a part of the human rights. Their empowerment has given considerable
opportunities and possibilities of improving employment conditions through global solidarity and co -ordination. It is found that the growth of
computer and other technologies enabled women with better waged, flex timings, and capacity to negotiate their role and status in home and at
corporate level.

Advantages of Globalization:
• globalization helps to eradicate poverty, malnutrition, illiteracy, ill-health and fighting cross border terrorism and global terrorism.

 globalization developed a consumer credit society. Today, people can buy goods and services even if they do not have sufficient
purchasing power and the prospect of raising a loan has become easy in the age of globalization.

• There is an improvement in various economic indicators of the LDCs (Less Developed Countries) such as employment, life expectancy, literacy
rates, per capita consumption etc.

• Globalization attracts entry of foreign capital along with foreign updated technology which improves the quali ty of production.

• Products of superior quality are available in the market due to increased competition, efficiency and productivity of the b usinesses and this leads
to increased consumer satisfaction.

• ) Globalization facilitates consumer goods industries to expand faster to meet growing demand for these consumer goods which would resu lt
faster expansion of employment opportunities over a period of time. This would result trickle down effect to reduce the propo rtion of population
living below the poverty line

• Globalization helps to boost the long run average growth rate of the economy of the country through:

(a) Improvement in the allocative efficiency of resources;

(b) Increase in labor productivity; and

(c) Reduction in capital-output ratio

Disadvantages of Globalisation:
• Domestic companies are unable to withstand competition from efficient MNCs which have flooded Indian markets since their li beralized entry. It
may lead to shut down of operations, pink slips and downsizing. Moreover skilled and efficient labor get absorbed by these MNCs that offer higher
pay and incentives leaving unskilled labor for employment in the domestic industries. Thus there may be unemployment and underemployment.

globalization has unfavorable impact on mass-media in India. Currently, realistic coverage of events and happening doesn't receive much
importance because it doesn't determine the standing of a newspaper or TV channel.

• Globalization paves the way for redistribution of economic power at the world level leading to domination by economically powerful nations over
the poor nations.

With increased dependence on foreign technology, development of indigenous technology has taken a backseat and domestic R and D
development has suffered.

• Globalization poses certain risks for any country in the form of business cycles, fluctuations in international prices, spe cialization in few
exportables and so on.

• Globalization usually results greater increase in imports than increase in exports leading to growing trade deficit and balance of payments
problem.

• Globalization is also posing as a threat to agriculture in developing and underdeveloped countries of the world. As with the WTO trad ing
provisions, agricultural commodities market of poor and developing countries will be flooded farm goods from countries at a rate much lower than
that indigenous farm products leading to a death-blow to many farmers.

• It leads to overcrowding of cities and puts pressure on the amenities and facilities available in urban areas.

Effects of Globalizatio n on Global Communication

The process of globalization has widely increased the availability of information for people across the world. By the use
of Internet and advanced mobile services, people are able to discuss business plans and proposals on an international
level as well as exchange private data securely.

Business Conduct
Globalization has influenced global communication by implementing new techniques for business conduct
among workers at international corporations. Long-distance travels are no longer necessary for business
people should they require a meeting with a partner overseas. Internet technology makes it possible to
exchange business information and conduct video conferences. Additionally, enhanced communication allows
businesses to promote their products more efficiently on the international market.

Social Awareness
The availability of information, which is a direct effect of the development of global communication systems, has
led to increased social awareness of people across the world. Information technology and networks enable
them to share opinions, views, work on projects and research different areas.

Effects of globalization on Indian Industry

The various beneficial effects of globalization in Indian Industry are that it brought in huge amounts of foreign
investments into the industry especially in the BPO, pharmaceutical, petroleum, and manufacturing industries.
As huge amounts of foreign direct investments were coming to the Indian Industry, they boosted the Indian
economy quite significantly. The benefits of the effects of globalization in the Indian Industry are that many
foreign companies set up industries in India, especially in the pharmaceutical, BPO, petroleum, manufacturing,
and chemical sectors and this helped to provide employment to many people in the country. This helped reduce
the level of unemployment and poverty in the country. Also the benefit of the Effects of Globalization on Indian
Industry are that the foreign companies brought in highly advanced technology with them and this helped to
make the Indian Industry more technologically advanced.

The various negative Effects of Globalization on Indian Industry are that it increased competition in the Indian
market between the foreign companies and domestic companies. With the foreign goods being better than the
Indian goods, the consumer preferred to buy the foreign goods. This reduced the amount of profit of the Indian
Industry companies. This happened mainly in the pharmaceutical, manufacturing, chemical, and steel
industries. The negative Effects of Globalization on Indian Industry are that with the coming of technology the
number of labor required decreased and this resulted in many people being removed from their jobs. This
happened mainly in the pharmaceutical, chemical, manufacturing, and cement industries.

Conclusion:
We cannot say that the impact of globalization has been totally positive or totally negative. It has been
both. Each impact mentioned above can be seen as both positive as well as negative. However, it
becomes a point of concern when, an overwhelming impact of globalization can be observed on the
Indian culture.
the process of globalization has changed the industrial pattern social life of global people and it has
immense impact on Indian trade system. The globalization of the economic, social and cultural structures
happened in all ages. Previously, the pace of process was slow. Today with the start of the information
technology, new ways of communication have made the world a very small place. With this process,
there is a big market place. Globalization has resulted in increase in the production of a range of goods.
MNCs have established manufacturing plants all over the world. It has positive effects and India will
overcome many obstacles and adopt global policies to expand business at international scale. India is
gaining international recognition and strengthening in economic and political areas.

https://bizfluent.com/info-8232542-effects-globalization-global-communication.html

https://www.learnpick.in/prime/documents/ppts/details/1265/impact-of-globalisation-on-indian-industries

http://www.civilsdaily.com/blog/impact-of-globalisation-on-india/

http://www.indiastudychannel.com/resources/127540-Importance-Globalization.aspx

https://www.civilserviceindia.com/subject/General-Studies/notes/effects-of-globalisation-on-indian-society.htm