Globalization refers to the increasing integration of economies and societies around the world through cross-border movement of goods, capital, services, technologies and people. Due to globalization, information flows more swiftly and it has generated employment in India. Measures of globalization in India include devaluing the rupee, privatization, liberalizing foreign direct investment. While globalization has increased India's GDP, the lower classes still suffer from poor labor conditions and villagers lack basic infrastructure and technology. The agriculture sector has been largely untouched by globalization's effects.

2. WHAT IS GLOBALIZATION
Globalization can be defined as a set of economic,
social, technological, political and cultural structures
and processes arising from the changing character
of the production, consumption and trade of goods
and assets that comprise the base of the
international political economy. Due to the effect of
globalization, the information now flows more swiftly
from its origin to destination. Globalization has also
played a major role in generating employment
opportunities in India.
.

3. MEASURES OF GLOBALIZATION
• Devaluation: devaluating the Indian currency by
a hoping 18-19% against all the major global
currencies.
• Disinvestment: The core elements of
globalization are privatization and liberalization.
• Allowing Foreign Direct Investment (FDI):
• The foreign investment regime has been quite
transparent and thus the economy is getting
boosted up. Various sectors were opened up for
liberalizing the FDI regime.

4. EFFECTS ON INDIAN ECONOMY
• GDP per capital is less than $2000.
• Upper classes are the profitable segment.
• Lower classes are still suffering from
miserable labor conditions.

5. IMPACT ON VARIOUS SECTORS
Villagers still live in kuchcha
houses.
Poorly designed houses in the
name of Indira Awaas Yojna-
initiative by the government.
Farming communities are still
untouched.
Non availability of electricity.
Roads constructed, toilets are not
of standard quality.
RURAL INFRASTRUCTURE

6. • POSITIVE SIDES
School buildings are available.
More number of girls are
attending the school.
Students of graduates and post
graduates are increasing.
• NEGATIVE SIDES
Inadequacy of faculty.
Benches, boards and other
facilities are of sub standard
quality.
Lack of awareness for technical
education.
EDUCATION

7. Ignorant about internet.
The absence of
electricity have resulted
the failure of technology
to percolate in villages.
Upper class people have
DTH and dish tv facilities.
TECHNOLOGY

8. This sector is untouched and
unaffected from western influence.
Migration is taking place and poor
people are moving to urban areas in
search of employment.
CULTURAL & SOCIAL VALUES

9. The sector does not have any
positive impact.Government is
always willing to import food
grains, sugar etc whenever
there is a price increase of
these commodities.
Government never thinks to
pay more to farmers so that
they produce more food grains
but resorts to imports.
AGRICULTURE

10. GLOBALIZATION AND POVERTY
Five important areas have to be followed
to achieve the goal. The areas are-
technological entrepreneurship
new business openings for small
medium enterprises
importance of quality management
new prospects in rural areas and
privatization of financial institutions.

11. GLOBALIZATION AND MARKET
CHANGES
In the 1990s when the government
initiated the open market and economic
liberalization plan. This led to huge
improvement in the market scenario of the
country which significantly changed from
the state controlled market to the
consumer market.

12. WHAT IS LPG
Liberalization basically meant Unleashing
the productive potential of people in terms
of reducing the kind of constraints
imposed over a period of time upon the
entrepreneurs.

13. RECENT DEVELOPMENTS
Change in the Indian mindset such as self
reliance and socialistic policies of
economic development.
India is in the process of restructuring her
economy, with aspirations of elevating
herself from her present desolate position
in the world.