SECURE SYNOPSIS: 24 OCTOBER 2019 SECURE SYNOPSIS: 24 OCTOBER 2019, NOTE: Please remember that flloinganswersate NOT imadel ansier. They are NOT synopsis oof we o by definition of the term, What we are providing conten that both meets demand of the question and at he same time gives you extra pots inthe form of backround information, 11 Trace the impact of Globalisation on the Indian economy from to present.250 word eoconce ep hmando ein Sonne hare ote Introduction: Globatzation can be deine simply as a expansion af economic aeities acf08s plea Boundaries of nation states. Mate important it reters oa proces of deepening economic integration, increasing economie openness and growing economic interdependence between countries inthe world economy. is associated not oni with a phenomenal spread and volume of ross border econome wansadtions but ake with an organization ofeconomic activities which sade national boundaries ofthe Work ‘lobaization in Indias generally taken a integrating the economy of ‘he country withthe rest ofthe work Body: + Thegrowth ate of GOP of nda has been on the increase from S.percertdurngi980- 30 to? percent inche arid of 1993 200%. Inthe las fiteen years except two or tree years, rate of GP growth was more than 7 percent. was 9.2 percentin 2008 07. Atpresant in 2016 GDP is growing at 74 percant shown by anion bucget 2016-17 ‘The foregn excnange reserves were $39 illon (2000-01), $107 bition 2003-04, $145 billon (2008-06, ana $180 bilion in 2007 coring to reserve bank of Ino, nai’ foreign exchange reserves are $351 83 billion as 0719 Feb, 2086, ‘Tre cumulative FI inflows from 1991 onwards nas seen constant upward wends. The sectors atacing highest FI inflows are electrical equipment inclusing computer sofware (18 percent Service Secor "3 percent Telecormmunictions (10 percent) land Transportation industry (9 percent) et Inca’ rank was fourth in market capitalization n 2005, twas preceded by USA, Germany and China Sutat presents ranks ninth, ftmeansit is now prececed by eign countries anc India’s postion has worsened but Ind wae abe to join trilon-dllar market by going hroughallups and downs. Ins market capa 5 $1 5trlion and tis 25 percent of wos capral market. As per the Forbestst 2015, Inia has 100 billonatres. There were nly 40 bilionairesin ila as per Forbes 2007 ts. The asets of ‘hese 109 billonaires are more than cumulative ivestment in ‘the 91 publi sector underakings bythe central government of In ‘There isan International market fr companies and for consumers ther isa wider range of products to choose rom, + Ineeasein ow of investments fom developed counties developing counties, wren can be used far economic + Great and fatter ow of information between countries and greater cultura interacson has helped to overcome cultural + Teennolgial development ni developing countries resuked n reverse bran drain In Gtobatization asa Curse: + India's home to the largest numberof chill labourrsin the ‘worl. Tre census fund an increase inthe ci labourers rom 1.28 millon in 1991 to 1259 millon n 2007. MV. foundation in ‘Anchra Pradesh fund nearly 40,0000 kh chien most gels between 7 and 14 years of age tog for 1476hours a dayin cottonseed production arezs the county of which 90 parce are emaloyed in Andhra Pradesh + Poverty and lack of security ae main causes of cil bbour. + Pos reform period has witnessed drastic increase in child bbour because due to LPG poli te rol of public sector was reduced, There‘ore, corporates are working fer prof mative ony. “+ Agriculture sectors the backbone ofthe Indian economy. Above 50 perce: people are workingin agriculture sector. This sector hasbeen neglected by government in post reform period and share of agrutur has decelerates continuously. + Attnetime of independence, agriculture was conriousng nearly half ofthe GDP but now ts shares only 4 peeentin total GP ‘of county. Reasons for backwardness of agriculture are lack of public investment indebreness of farmers and presence of intermediaries between sles farmers) anc buyers+ Job and social insecurity glooslzation has generated problems ke job ana soda insecurty. Public secor provides jobs along with social as wal a jo secunty and other benef also. But in ‘he moder ara a person can get job but ether he would get a nether saurejob nor socal eacurty, Therefore. increasing Ineacunty in odes parpetuatng other social vic Ike downy system, cimas, unemployment ete + Poverty and unemployment: as perth Forbes is 2015, nds swuber of lbanares has crossed 109 and the weah they poszest¢ more than the investment publ sector undertakings by central government. This nas led to wide range of inequaltes of weak among Indian jeople Some paople are such who dng om starvation and Some are dying due to consumation of excess food in our courty Consequently, Malrutston, child lsbour, and erimes are onthe nee. Stil alarge proportion of people in nda ving below poversy Ine even Inala as been unable te achieve ellenniam development goals in case of many indestors Whether Ina present ganeraton i cueavon but Indian youth s sutferng irom unamploymenc ans they have to survive on ‘ubsltance wages Seatonal, underemployment ang structural unemployment ae found in in “Thus,our performances during the reform years are arixed bag. The country over the last 25 years has seen bath quanttatve anc aqualtatve changes. Economic growth rate ina marketled economy is surely worth emulating. Incas consisered as one ofthe great economic powers of se world. Its oped tat she would sconer bea prospective international power. In spite ofthis development the economy has net baen able to adjust with a human face. We see some adverse, inadequate and counterproductive results which may be atributes to economic reforms globalization, kis the nation whic can reap the benefits fom globalization ft prepares and implement pro-people policies o atract foreign citect investment, [ape ema ytaaey mando he geions eae Introduction: Gtobatzationis an international patorm for maining evenness in the ung mode of the peopel over the wes Globalization s the resultant ofthe nterchange of worl views, opinions and the various aspects ofthe culture everywhere around the worl. The impacto lobalzation on ein and rural ifehas tremendous influence which bth postive as well as negative. The Indian urban ‘and rurale i viewed as the two aces ofthe same coin, They are mutual inersependent and both have agreaterimpact of slobazaton, Boy: Impact of globalization on Indian rural society + Positives: © Commerciazation of agriculture: Theres an increased trend of commerialzton from sustenance farming. Ths has been successul only with farmers having large tacts of land. Expansion of agro-industies: creased crop viel has led to development of agro-processing industres which help in adsing value tothe procucss and increasing their shel gz Tomato Ketchup, Potato chips ee. Wider use of information, communication and technologies: Agrcukural extension techniques Ike Ksan 1, ams about weather condsionshas helped farmers plan beter. nitive ike eam nave reas farmers ges beter prices in cerain areas, Increased Mechanization, better Inputs: Mecharizaton Ike use of tacos, harvesters, tilers has eased the job. High {eld varety sede, ferzershave gven beter yield as seen uring Green Revelution Socio-economic development: With telemesicine nd teleeducation, people are able to access he health and ‘edation faites atthe remotest areas, Aout eracy has helped in ging for thei rights [MsMes: There has been are of MSMEs wth wornen entrepreneurs heading it+ Negatives: © Changes in Land-Use patterns © tmternal labour migration: Lzbour migration to eves rom rural areasin search of employment was 2 common fpnenomenon, This wae fr varous reasons expecially for lgurous Ife, handsome salary and for numerous ob opporunives «+ Increasing privatization of resources: Rural population ¢ sill suferng from unemployment 35. rural labour |s-mostly uneducated and unsiled. Machines and latest tacmnologles have reduced the number of manpower 2 lot © Loss of jobs and Displacement: due ‘o mechanuaton, women are the worst sufferer, When bigsiket project Ike Dams, Reads ans Wining come up, people ae dsplaced making them internal refugees. © imereased inequality: Reponaland secconaldlspanty due to only afew reaping the bene © No Behavioural changes: Open cefecaton sul present, caste dizerminatons ate stl prevalent. Impact of globalization on Indian urban society Positives: ‘+ Increased Urbanization: has been estiated tat by 2050 ‘more than 50% ftna'spopulavan wilive n cts. The Boom af seraces sector and ey centr ob ration has eto Increasing rural to urban migravon Inereased job opportunites: ue ilow of MN, FO, people have a wide choice of job opportunites prowded they have the requisite kis. Startups like Ol, Siggy ee have reyolutinized the Gigfconomy. Development of industries have abo provided with obs. + Higher Per eapta income: employees are pa wel abel lesser ‘han the slotal pay levels. + Enhanced lifestyle: dueto higher PC and wide array of faltles _valble rom which the consumar can choose, It has lees the qualtyof ite of mary Better infrastructure: In trms of edeatlon heath, transpor: valableto people, Tisha in tum anrancac tha agglomeration ‘of economies leading o Industral, f parks, SEZ, CEZ ete “+ Rapid Digitization: fr fazer and eaze of connectivty, most of ‘the serves are dgtized. Ths als Increases the awareness of C’tizensin terms of ght, happenings around werld et. On the ‘Governmental ida, there more aecountablty and wansparency and faster dalvary of services. Negatives: + amily Structure The increasing migration coupes wth ‘inancialindependence has ls othe breaking of join: fries into nuclear ores, The western inflence of indvdualem nasled co an aspirational generation of youth. Concepts of national idencty, family, job and wadtion are charging rapicly and signa, Marriage Values: Similarly, marvages have alo los: thelr values Iki very much evident from tne increasing number of divorce ‘cases andthe exra-martal afar reported every now and ther MeDonaldizaton: A erm denotng the increasing ratonaliza‘on ofthe routine ass ef every Ie. becomes manifested wien {culture adopts tne charactristis of a astfood restaurant, MeDoralization isa reconceptualzation of rationalization, or ‘moving rom traditional oratonal modes of thought. ans sentfc management. Wialmartizaton: A term referring to profouns transformations inregonal and glotal economies through the sheer sie, inluence, and power ofthe big-box Separtmen: store WalMart. ‘canbe seen with these of big businesses which have neatly ‘led te sail tadisonal busieseesn our society. Rise in Lifestyle diseases: ve to reduces physical act, increased habits of quer and smoking et