elucidate on the positive and negative impacts of law on development.
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Globalization has been one of the major drivers of India’s growth story since the early 90s. The way we live has definitely changed owing to it. But as they say, each coin has two sides: positive and negative.
First, let me mention a few positives:
Increased Growth
More choice available to consumers
More awareness among the consumers
Increased international trade
Technological progress
Job creation, especially in the IT and Services Sector.
Improved healthcare
Better, more competent workplaces.
Development of rural areas
Increased cooperation among neighboring countries and also with other developed nations (For example, SAARC, BIMSTEC, ASEAN, Treaties with France, US etc.)
Recognition and adoption of ancient Indian practices like Yoga, Ayurveda etc. world over.
International cuisine on our plates
These were just a few pointers. Let’s move on to the negatives.
A breaking of traditional family systems, more individualism.
Urban cities are getting overpopulated because of the migration from rural areas in search of better opportunities, thus creating a pressure on limited resources.
Lopsided growth
Threats to domestic industries. Many industries have been suffering/ have shut down because of cheaper imports. For Example, Cashew processing units of South India have seen a drastic decline in their businesses as the processing facilities in nearby SouthEast Asian countries provides a cheaper alternative.
Loss of jobs in many traditional sectors
Indian culture, customs, and traditions have seen a decline in following by the newer generations.
The threat of loss of sovereignty of indigenous tribes/ tribal cultures because of setting up of industries in such areas.
Fast depletion of local resources
Promotion of a sedentary lifestyle along with unhealthy food choices (we didn’t have pizzas, burgers, fries, pasta etc. on such a massive scale before!)
A threat of sanctions against India
Again, these were just a few negative impacts of Globalisation on the Indian economy.
Only a few positives and negatives that I could think of, mostly what we’ve been studying in textbooks over the years (hence I didn’t mention better education :P )
(Also, treaties and sanctions etc. are not solely due to Globalisation in the present day scenario, but the roots can be found here. They are mainly to increase trade and preferential trade along with some countries only.)
First, let me mention a few positives:
Increased Growth
More choice available to consumers
More awareness among the consumers
Increased international trade
Technological progress
Job creation, especially in the IT and Services Sector.
Improved healthcare
Better, more competent workplaces.
Development of rural areas
Increased cooperation among neighboring countries and also with other developed nations (For example, SAARC, BIMSTEC, ASEAN, Treaties with France, US etc.)
Recognition and adoption of ancient Indian practices like Yoga, Ayurveda etc. world over.
International cuisine on our plates
These were just a few pointers. Let’s move on to the negatives.
A breaking of traditional family systems, more individualism.
Urban cities are getting overpopulated because of the migration from rural areas in search of better opportunities, thus creating a pressure on limited resources.
Lopsided growth
Threats to domestic industries. Many industries have been suffering/ have shut down because of cheaper imports. For Example, Cashew processing units of South India have seen a drastic decline in their businesses as the processing facilities in nearby SouthEast Asian countries provides a cheaper alternative.
Loss of jobs in many traditional sectors
Indian culture, customs, and traditions have seen a decline in following by the newer generations.
The threat of loss of sovereignty of indigenous tribes/ tribal cultures because of setting up of industries in such areas.
Fast depletion of local resources
Promotion of a sedentary lifestyle along with unhealthy food choices (we didn’t have pizzas, burgers, fries, pasta etc. on such a massive scale before!)
A threat of sanctions against India
Again, these were just a few negative impacts of Globalisation on the Indian economy.
Only a few positives and negatives that I could think of, mostly what we’ve been studying in textbooks over the years (hence I didn’t mention better education :P )
(Also, treaties and sanctions etc. are not solely due to Globalisation in the present day scenario, but the roots can be found here. They are mainly to increase trade and preferential trade along with some countries only.)
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