IMPACT OF GLOBALISATION ON INDIAN ECONOMY IN SEVICE SECTOR

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ashu4christ

New member
kartik

kartik

Kartik Raichura
Staff member
As far as the Indian economy is concerned the impact of globalisation has been highly positive in al most all spheres of economic and social life and virtually no negative effect. It is only because of opening uo of the hitherto closed, govt.-oppressed and controlled economy to the process of globalisation that has helped Indian economy to grow rapidly:in the last 10-12 years, India's economic growth has been high, exports have boomed, incidence of poverty has been reduced, employment has surged, begging by India for economic aid has stopped, long-term inflation rate has gone down, scarcity of goods have disappeared, the quality of products available have improved substantially and overall India has become progressively vibrant and internationally competititive. Indian companies are setting up companies abroad, India has better technological development for the benefit of the common man ( mobiles, road transport, cheap clothes, etc - only because of globalisation.
Effect of globalisation on Indian industry has been very positive, though some industrial firms with the baggage of high cost, inefficient plants and processes inherited from the past because of closed economy's government dictated industrial policies and priorities had to face serious problems in the beginning. But soon most of the industries have become more and more efficient, customer focussed and improved their international competetiveness in terma of costs, prices, product quality and variety. Industrial growth has been very high and strong during the past decade because of globalisation. Exports have increased tremendously. Induan industries are also expanding abroad. Foreign companies have substantially increased their investments in Indian industries. Wages of industrial labour has increased substantially as they have become very productive. Lock out and strikes have declined to insignificantly low levels because industrial labor is happy. Those who cannot be efficient and past their prime age tio retrain themselves in modern methods and processes have been retired with very attractive voluntary retirement schemes. The trade unions are finding it difficult to influence industrial workers into agitation because labor has started benefiting from the positive fallout of globalisation on the prosperity and growth of the industrial sector. Talented and merited labor is commanding premium compensation in the labor market. Several new type of industries have also come up. Small scale industries of the past has fast grown into medium scale companies. Incidence of industrial sickness has gone done drastically.
However, the communists will not agree to this view because with industrial workers becoming richer following increasing demand for and the wages of industrial labour.resulting from liberalisation and globalisation.
India has done very little reforms in agriculture to enable private and individual economic initiative that would help harness the benefits of globalisation. Despite this govt. created hurdles to globalisation, Indian agriculture has benefited substantially from whatever little globalisation that has ben allowed in Indian agriculture.The farmers that got the exposure to global links of markets, technology and investment, benefited in terms of improving their yields, getting better prices and secured offtake. In many areas of the country, tomatoe growers, potato farmers and fruit growersfarmers benefited from tie-up and collaborations with ketchup, potato chips, fruit juices, etc. Indian agricultural exports have grown where Indian farmers in selected pockets are competitive: these include spices made from agricultural produce, flowers, mangoes, other fruitsrice, vegetables, pickels, papads, tobacco, etc. The e-choupals network created by an Indian company and the spread of mobile telephones have provided on line market price and climatic information on on-line real-time basis and helped them to get the best prices and sell to the most attractive buyers and brought them freedom from the clutches of the middlemen and traders. Because of the resistance from the traders and the politicians, more and more farmers are not getting the benefits of globalisation: vested interests are stopping the entry of more professional and honest buyers of agricultural produce of high quality for supply to urban areas through network of malls. Fishermen in Kerala have increased their incomes using mobile phones to find out the best mandis where the prices are the highest on each day. There have not been any negative effect of globalisation on Indian farming. But faulty and restrictive policies of Indian politicians have made it difficult for farmers to consolidate their holdings for larger scale commercial farming, acess to large, high paying buyers with retail chains, support of well-organised transparent mandis not ruled by traders. As a result in many areas farmers have committed suicides because of crop failuers and high indebtedness. Using the old British Indian laws of land acquisition, the state govts. are forcing farmers to sell their lands for industries at prices they consider justified rather than asking industrialists and companies to bid for agricultural land which will increase the market prices of land,. Once these policy impediments are removed, globalisation will proceed in Agriculture and farming in the proper way and benefit Indin agriculture and farming throughout the country. India does not need all the land under agriculture now for agricultural use: much less area would suffice to feed the nation and export if agricultural productivity can be raise substantially through private investment in agriculture by companies that need agricultural produce for their business growth and India's economic growth.

Impact of Globalization
on Indian Culture
by V. Sundaram
What is Globalisation? ​
People around the globe are more connected to each other today than ever before in the history of mankind. Information and money flow more quickly than ever. Goods and services produced in one part of the world are increasingly available in all parts of the world. International travel is more frequent. International communication is commonplace. ​
We live in an intensely interdependent world in which all the earth's peoples with their immense differences of culture and historical experience are compressed together in instant communication. We face today a world of almost infinite promise which is also a world of terminal danger. This phenomenon has been titled 'Globalization.' ​
'The Era of Globalization' is fast becoming the preferred term for describing the current times. Just as the Depression, the Cold War Era, the Space Age, and the Roaring 20's are used to describe particular periods of history; Globalization describes the political, economic, and cultural atmosphere of today.
While some people think of Globalization as primarily a synonym for global business, it is much more than that. The same forces that allow businesses to operate as if national borders did not exist also allow social activists, labour organizers, journalists, academics, international terrorists and many others to work on a global stage. ​
British Imperialism or Western Colonialism did not die after the end of World War II when the West gave up its colonies in Africa, Asia, Latin America, West Indies and the East Indies. Gradually it changed itself into a more subtle form which is proving to be more harmful to all non-Western cultures both in the short run and the long run. ​
Indian culture which in effect means Hindu culture, Hindu religion, Hindu society, Hindu civilization, Hindu way of life are under the lethal threat of the ruthless forces of Globalization today. What went by the name of Colonialism in classical history textbooks produced in the days of British Raj has been replaced today by the synonym of Globalization. The unbridled expansion of western culture has continued at an accelerated rate along with the denigration and decline of Hindu culture, civilization, religion, art, literature and customs. This new Colonialism has taken on several new faces or rather put on new masks. It cleverly masquerades itself through labels and slogans like democracy, humanitarian rights, gender equality, internationalism, free trade and humanitarianism. In the name of modernization and Globalization it pretends to be uplifting peoples whom it is really exploiting. This is not very different in either kind or intent from old Western Colonialism – British Imperialism in the Indian context – which vaunted itself as the benign bringer of Civilization and culture to the uncivilized world. It was given the glorious title of 'White Man's Burden'. ​
In the Colonial Era in India from 1700-1875, British colonial expansion worked through military, economic, and religious methods. Military force was the primary and initial method. This was little more than organized banditry, stealing the gold, jewels and other treasures of India. Economic exploitation went hand in hand with the military conquest. Later it stooped so low in its methods as to get involved even with the drug and narcotic trades. Later economic exploitation developed into a fine art resulting in the exercise of total control over the natural resources and controlling the economy of India for long term gains. ​
Religion provided the needed rationale for this cruel plunder. All native Hindus were dismissed as heathens or pagans – despicable creatures who don't have to be treated like human beings till they take their fateful decision to embrace Christianity. According to the missionaries who came to India to play second fiddle to the British Imperial rulers, Christianity was the only true religion. Jesus Christ was the only true God. All other religions like Hinduism, Jainism, Buddhism, Sikhism, and many other traditional faiths and religions in India had to be eliminated to save the souls of India and Indians. All facets and all aspects of Hindu religion and Hindu society were dismissed as idolatry and superstition, in order to advance the noble Christian pursuit of salvation for the barbarous heathens of India. ​
Along with Christian religion came the rest of British or Western culture, thought and customs and the gradual end of traditional ways of life. Thus our traditional religions and cultures were gradually subverted or eliminated. The new Indian converts to Christianity were encouraged not only to give up their religion but their culture, which often had religious or spiritual implications as well. A good Indian Christian convert would dress like an Englishman and emulate English manners in all things. Thus in India the Hindus converted by the British to Christianity were encouraged to think, behave and live like Englishmen. This is what I call Macaulayism. This term derives from Thomas Babington Macaulay (1800 - 1859) who was a Member of the Governor General's Council in Calcutta in the 1830s. He introduced the English system of education to produce Brown Sahibs who were to be English in taste and temperament. This expectation was more than fulfilled even by 1900 and after our independence thanks to our Anglo-Saxon Prime Minister Nehru this process has been completed with consummate ruthlessness. ​
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Business-education

New member
After suffering a huge financial and economic crisis Dr. Man Mohan Singh brought a new policy which is known as Liberalization, Privatization and Globalization Policy (LPG Policy) also known as New Economic Policy,1991. Well, look at its points.

1. Devaluation

2. Disinvestment

3. Allowing Foreign Direct Investment (FDI)

4. NRI Scheme
 
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jitendra05

Banned
rockyjay2006 said:
PLZ......................DO THE NEEDFUL FOR MEEEEEEEEEEEEE..........
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Hey rocky, my presentation will help you to understand the impact of globalization on Indian economy in service sector. As we know the globalization means the international integration. So please download it and read it carefully, it is a PDF file eBook of 24 pages which cover all the information on globalization and its impact on Indian economy.
 

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