Political and Social Ramifications of Globalization in India
Pooja Kumari
Ph.D. Research Scholar, Department of History, University of Delhi, New Delhi.
Mubashar Bashir Khan
Research Scholar, Department of History, Annamalai University, Annamalainagar, Tamil Nadu, India
Globalisation has brought possibilities and difficulties as well as fundamentally changed Indian politics and society. Globalisation has produced economic development, foreign direct investment, and industry expansion including information technology since the liberalisation of the Indian economy in the 1990s. It has also helped the middle class grow, more people participate in politics, and fresh political parties to arise. Globalisation has, however, also exacerbated economic disparity, excluded underprivileged groups of society, and undermined conventional means of life. Growing influence of global capital has led to policy choices supporting privatisation and deregulation, usually at the price of social welfare. Moreover, globalisation has changed India's political and cultural scene, therefore promoting both cultural homogeneity and the emergence of nationalist ideas. This study investigates the many effects of globalisation on Indian politics and society, therefore analysing both its advantages and drawbacks. Along with policy recommendations to minimise negative consequences and guarantee equitable and sustainable development in India, the report also suggests Harnessing the advantages of globalisation and preserving the social and political fabric of the country depend on a mixed strategy.
Keywords: Globalization, Indian politics, economic growth, social inequality, middle class, cultural homogenization, policy measures.
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