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E PO TH
Globalisation …What is it???
• It is the rapid integration of countries through rapid trade and investment. • It also refers to increased possibilities of action between people in situations where the location seems immaterial.
Is globalization inevitable???
• In today’s competitive world, no country can afford to exist in isolation. • All nations are dependent on each other for their development. • This makes it all the more important to check if globalization is truly
How India became GLOBAL
• The entire infrastructure from 19471991 was government owned. • The burden of state ownership almost bankrupted the country. • In 1991, with India running out of hard currency, India opened it’s economy to the world.
• The first era of globalization reaped gains for the creamy layer. • The rate of returns suddenly increased due to the entry of many foreign players. • Where earlier you had to go to US to ensure better returns, you could now make money in India as well. • This made the Indian affluent more patriotic (read selfish)
• While the upper class was reaping the benefits of globalization ,there was another section of population which found no relief. • This was incidentally the majority of the population who were below the poverty-line.
The new Buzz-Word
• Even today there exists a chunk of population that is alienated to the term “globalization”. • This chunk consists of the poor living in the villages. • These also consist the poor living in the slums of different metropolitans and the so-called ‘mini metropolitans’ of India.
• For instance, a few years ago the Indian government in partnership with several foreign org. started a campaign in villages to empower them with education. • About 100 crores were assigned to set up schools in villages. • But an analysis after an year showed that only a meagre amount
• It’s not just the awareness that is lacking in the poor. • The effect of globalization has still not touched the lives of the poor who are still striving to make both ends meet. • These are the people who are even today starving for the most basic needs of life.
A survey on Indians on the success of globalization
• Advocates of Globlisation have to say that the economic growth of the country has increased the standards of living in India. • Some also say that the BPO industry has provided opportunities to the middle class. • Definitely, the middle class has shifted to a better way of life but
• Thanks to globalization, today we have fancy and high-end super-specialty hospitals in the country. • But what has been done in the name of healthcare facilities for the underprivileged??? • All major metros have seen the entry of global schools at the turn of the century. • There are still about 3 lac villages in the
• Globalisation is not just making profits through trading with MNC’s . • It also includes the inculcating of global standards for the improvement of the society. • Child labour is still being freely practiced in many industries that we all are aware of (bangle, fireworks industry).
• The agricultural sector is no better either at the hands of globalization. • How can one be so oblivious of the state of agriculture in India which is compelling farmers to commit suicide. • Even the government is not ready to help this sector which is bereft of any help from globalization.
• The agrarian policies that can help agriculture to look up in region with fertile land are craving for the governments support.
THE BIG QUESTION…
• Has globalization taken such a toll that the govt. needs to be reminded that a major part of the revenue still
• We cannot blame other nations for this lack of concern. They are here just to make profits. • The foreign organizations would invest only in lucrative areas. • Therefore, it becomes the responsibility of the government to market the other areas also in the
IT HAPPENS ONLY IN INDIA…
• In 2002, the Indian government, in partnership with several foreign organizations assigned Rs 100Cr for empowerment of 50,000 Indian villages. • A survey done in 2003, showed that just 15 crores reached the grassroot level in the villages. • This shows that globalization is not working for the poor but for the pockets
• The funds coming into India through FDI’s is going into the already rich areas. • This is resulting in having a greater divide between the rich and the poor. • The government needs to intervene in order to check the proper circulation of funds in all parts of the
What Needs To Be Done…
• It’s high time the government took some high strides for the upliftment of the poor while accentuating it’s economic development. • The government can implement national development policies while taking care of it’s international commitments and agreements.
• The middle-class who is benefitting from globalization also has a role to play. • By pressing upon the government for the implementation of poverty reduction policies in sync with economic growth policies. • By these measures, they can be pivotal in helping the poor to mollify
• These facts and figures highlight how the hyped globalization has an effect only on the affluent and already cashrich classes. • In a country like India, where a major part of the population goes to bed hungry daily, globalization has a very important part to play. • But sadly, the potential of globalization has been left untapped, and it’s effect
A nation like India cannot aim to prosper through globalization when a major chunk of it’s population is struggling for nothing more than a simple livelihood.
THANK YOU !
Prepared by: • • • • • •
Vipul Vineet Kanishk Yogesh Kalim Saahil