What is Globalization?

 》Globalization is defined as the process of world wide integration of manufacturing , economics, financial,cultural,marketing and communication system.

》Globalization refers to a situation where all the countries in the world  become interconnected and interdependent on each other for theri need .

》 Globalization is a process of interconnection and integration among the people companies and governmenta of different nations.

Advantage of Globalization:


》 Globalization has lead to improvement in GDP of india

GDP=           TOTAL REVENUE GENERATED
                  ____________________________________
                          TOTAL POPULATION
》 The direction of growth of the economy has shifted from manufacturing sector to service sector.

》 The Over all growth of indian economy has lead to improving the position of india in world.

》Foreign Direct Investment(FDI) has also increased in india due to globglization.

》 The standard of living in the society has improved.

》 The indian can now use best products and technologies from all over the world.

Disadvantage of Globalization:


》Globalization has created a divide in the indian society on the basis of  financial conGization

》 Globalization has resulted in downfall of several informal sectors in india.

》 GloGloization has resulted in poor health,social life and working condition of the employees.

》 Long working hours has resulted in accidents and other safety issue.

》The economic and  social developement has led to destruction of envorinment and pollution leading to poor health.