Study on the Effects of Globalization & Sustainable Development: India’s Perspective
15 Pages Posted: 6 Aug 2012
Date Written: August 5, 2012
Broadly speaking the term “Globalisation” means integration of economies and societies through cross country flow of information, ideas, technologies, goods, services, capital, finance and people. It may benefit even within a country those who have the skill and the technology. Since the economic reforms of the early 1990s, the Indian economy has witnessed a rapid rise in the economic growth and simultaneously, has brought about an increase in the economic efficiency.
This paper tries to capture how these economic changes brought about by globalization have affected poverty levels across India considering the rural and urban sectors separately. Market and Government are the determinants of economic growth which affect poverty and inequality since both involve reallocation of resources.
The main aim of the paper is to study and analyze the overall view of globalization in India, considering the rural and urban dynamics which determine the relationship between economic growth and poverty. For this several policies have been devised by the government for the creation of more vibrant markets which promote economic growth, affecting poverty levels across the sectors.
Keywords: Globalization, Sustainability, Poverty, Growth, GDP
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