Essentials of Indian globalisation

globalisation.jpgGlobalization is in the tip of every tongue in the world today. Most of those who talk about globalization are not aware of its fundamentals. Nevertheless there is a red hot debate about this much circulated concept in academic corridors, board meetings and bed rooms. In India, there is a wide confusion about the effects and affects of globalization. Widely people think that because of the surrender of the nation state to globalization all the perils are hunting and hurting.

There is no one single effect of globalization. It is a multiple effect phenomenon impacting differently the various sectors. Those countries who master the art of combating adversities and succeeding in the battle can be called the good boys and those who fail in this fight are bad boys of globalization. India is neither totally good nor totally bad. There is a mixture of benefits and problems affecting the long standing Indian society. People swing sweeping remarks in this or that way. Very few have understood the differential consequences of globalization in India.

Generally globalization can be understood as a process which compresses the world into a small space where business and technology play a predominant role in ushering new social relations. Although globalization has started with relaxation of economic rules to accommodate free market principles and foreign players, now it has grown beyond the comprehension of economists. Today it is a massive social process demanding an all together different method to understand the developments in culture, society, religion, polity and personal relations.   These factors and characteristics of society needs separate analysis to know the globalization fully well.

Although some aspects of globalization were tried by governments’ time and again, it was the P.V. Narasimha Rao led minority government in 1991 introduced the full fledged new liberal economic reforms. The import duties were reduced, export relaxation was given, license raj in the industrial development was lowered, red tape was cut, and more importantly a red carpet was rolled out for the foreign investors. A large scale disinvestment was carried out to take the government hands off from the loss making public sector enterprises. The state protection given to the sick enterprises were withdrawn. The step motherly treatment given to the private sector was withdrawn and they were encouraged to enter the holy fields of telecommunications, aviation, power, ports, energy and other crucial infrastructural building projects. So much so a world impressive communications revolution was triggered by the neo liberal reforms.

Impact of globalization on Indian society

Positive                           Negative                             No improvement

Technology                    Agriculture                         Governance

 Gender                           Urban infrastructure        

 Economy                        Rural economy

 Civil society                    Corruption

 Local languages                                       

 Media

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To respond to the reforms, there was a massive acknowledgement from the global capitalists. They started honoring the Indian government invitations and come with billion dollars to kick start production units across the country. Coupled with the inflow of foreign investments, the demand for Indian software talents throughout the world increased the nation’s clout. A huge army of software talents migrated to the Western world and facilitated an enormous amount of foreign exchange to India. This solved two major crises haunting the Indian economy. One, the foreign exchange problem started diminishing. Two, the increasing foreign investment pushed the infrastructural growth around the nation. Once primary infrastructure started growing the investor confidence kept increasing. Within fifteen years of the neo liberal economic reforms a fissionary nation was created. The divide was clear between India and Bharath. Suffering India and shining Bharath. The rich and poor, rural and urban, service class and agriculturalists, men and women, the bi polar opposites started troubling the social development. Is the globalization process a villain behind this divided society?

A careful analysis shows that the globalization which catapulted economic development has failed to produce political geniuses and governance gurus. Clearly the political class and bureaucracy have failed to respond adequately to the call of globalization. This is the same old problem of India down the ages. The rulers watched from the side walks rather than taking the lead in reforming the delivery mechanisms. The indicators of failure point finger at the unmotivated and goalless political class of the country.     

                                                               

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