what are the globalisation effect on india?
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Positive Effects
(1) International Product Launches simultaneously abroad and In India by MNCs eg Launch of new Car Models by BMW.
(2) Access to International Commercial Best practices and alignment of Local laws with international laws
(3) Higher Foreign Investments in fields like IT, Manufacturing and Other Service sectors and lowering of restrictions on Foreign Direct Investments .
(4) Increasing Investment in R and D and innovative products.
(5) Growth in Startups funded by International Venture Capital Firms and angel Investors.
(6) Growth of English as an aspirational language among the masses.
Negative effects
(1) Mc Donalds, KFC, Burger King, Dominos , Coke and Pepsi plying their Junk foods in India and the public lapping them up like their peers in other Countries without understanding the health implications .
(2) Gradual death of Regional Languages as native speakers feel the need to Switch to English and reduce the usage of their mother tongues.
(3) Loss of Cultural and Social Identity much to the detriment of National Progress.
(4) Growth of crass Consumerism and the Me and myself above all culture. Growth of Old age Homes and the erosion of respect and bad treatment of the elderly. Growth in the feeling of Jis Ki Lathi uski Bhains culture and Money as the sole criteria for measuring Individual worth.
(5) Increasing Divorces, Greater live in relationships, Casual premarital sex and the gradual loosening of Social Cohesion and Bonding with deterioration in relationship among relatives with the word relation = Untouchable.
(6) Growing Intolerance and adoption of all wrong Junk Western ideals with the virtues of Punctuality and good work ethic given a go bye.
There are lots of other benefits. I have listed only a few as it occurred to me
(1) International Product Launches simultaneously abroad and In India by MNCs eg Launch of new Car Models by BMW.
(2) Access to International Commercial Best practices and alignment of Local laws with international laws
(3) Higher Foreign Investments in fields like IT, Manufacturing and Other Service sectors and lowering of restrictions on Foreign Direct Investments .
(4) Increasing Investment in R and D and innovative products.
(5) Growth in Startups funded by International Venture Capital Firms and angel Investors.
(6) Growth of English as an aspirational language among the masses.
Negative effects
(1) Mc Donalds, KFC, Burger King, Dominos , Coke and Pepsi plying their Junk foods in India and the public lapping them up like their peers in other Countries without understanding the health implications .
(2) Gradual death of Regional Languages as native speakers feel the need to Switch to English and reduce the usage of their mother tongues.
(3) Loss of Cultural and Social Identity much to the detriment of National Progress.
(4) Growth of crass Consumerism and the Me and myself above all culture. Growth of Old age Homes and the erosion of respect and bad treatment of the elderly. Growth in the feeling of Jis Ki Lathi uski Bhains culture and Money as the sole criteria for measuring Individual worth.
(5) Increasing Divorces, Greater live in relationships, Casual premarital sex and the gradual loosening of Social Cohesion and Bonding with deterioration in relationship among relatives with the word relation = Untouchable.
(6) Growing Intolerance and adoption of all wrong Junk Western ideals with the virtues of Punctuality and good work ethic given a go bye.
There are lots of other benefits. I have listed only a few as it occurred to me
rajesh2560:
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Globalization has brought benefits in developed countries as well as negative effects. The positive effects include a number of factors which are education, trade, technology, competition, investments and capital flows, employment, culture and organization structure
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