Impact of Globalisation

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INTRODUCTION OF GLOBALISATION

The topic of ‘Impact of Globalisation on Indian Tradition’ reminds me of one of the famous quotes of visionary Swami Vivekananda, who foresaw the hazards of globalization and impact of MNC culture resulted from globalization in India as early as in 1893 when he spoke at the Parliament of World Religions in Chicago. He said “Shall India die? Then, from the world all spirituality will be extinct, all sweet-souled sympathy for religion will be extinct, all ideality will be extinct ; and in its place will reign the duality of lust and luxury as the male and female deities, with money as its priest, fraud, force, and competition its ceremonies, and human soul its sacrifice. Such a thing can never be'. Precisely such a terrible thing is taking place in India today on account of the inexorable and immutable process of Globalization".

'The Globalization' is becoming the preferred term for describing the current times. Just as the Depression, the Cold War Era, the Space Age.

Before we go further in detail, it is important that we understand the concept of globalization and its overall impact on India. Globalization can be defined as the removing of borders and barriers to facilitate easy exchange of ideas, resources and knowledge between countries. Globalization describes the process by which regional economies, societies, and cultures have become integrated through a global network of communication, transportation, and trade.

People around the globe are more connected to each other today than ever before in the history of mankind. Information and money flow more quickly than ever. Goods and services produced in one part of the world are increasingly available in all parts of the world. International travel is more frequent. International communication is usual. This phenomenon has been titled 'Globalization.'

Today India is considered as the largest growing nation in the world next to China. The economic boom that is being

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