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India and Globalization: Transformations, Challenges and Resistance

July 23, 2024 186 0

India has experienced aspects of globalization, including the movement of capital, commodities, ideas, and people, for several centuries. Globalization has transformed the economy of India in the last thirty years by allowing foreign investment and technology into the country. This change advanced industries such as IT and pharmaceuticals, establishing India as a worldwide center for innovation. Nevertheless, it also introduced obstacles like economic inequalities and environmental issues. India’s encounter demonstrates the two effects of globalization – economic growth alongside social and environmental challenges – as it aims to harmonize development with sustainability in a fast-globalizing world.

Timeline of Indian Globalization

Before Independence 

  • Under British colonial rule, India became a supplier of primary goods and raw materials and an importer of finished goods.
    •  This shaped India’s economic role in the global market.

Post-Independence 

  • Protectionism: Post-independence, India adopted a protectionist stance due to its colonial experiences.
  • Import Substitution Policy: The country aimed to produce goods domestically rather than relying on imports.
  • Consequences of Protectionism: This protectionism led to advances in specific sectors but neglected vital areas like health, housing, and primary education, resulting in a relatively slow economic growth rate.

After Economic Reforms 1991

Background: Faced with a financial crisis and the aspiration for improved economic growth, India initiated a series of economic reforms in 1991.

  • Focus on Reforms: These reforms focused on deregulating sectors, including trade and foreign investment.
  • Success Yardstick: The ultimate measure of these reforms’ success is not just high growth rates but ensuring that growth benefits are equitably distributed across society.

Resistance to Globalization

Globalization has faced criticism globally due to its perceived divisive effects.

  • Left-Wing Concerns: Critics on the left believe it perpetuates a system that widens the wealth gap, where the rich become richer, and the poor become poorer. 
    • This process, they argue, weakens the state’s ability to safeguard the interests of its vulnerable populations.
  • Right-Wing Concerns:
    • Political: Concern over the weakening state power.
    • Economic: A desire for a return to self-reliance and economic protectionism in certain sectors.
    • Cultural: Apprehension about the potential erosion of traditional values and customs.
  • Anti-Globalisation Movements: These movements engage in global networks, collaborating with like-minded groups worldwide.

Screenshot 2024 07 23 170107 1

    • Their opposition isn’t always against globalization as a concept, but more against a specific kind of globalization viewed as imperialistic.
  • Eruption of Protest: In 1999, during the World Trade Organisation (WTO) Ministerial Meeting in Seattle, there were large-scale protests, with demonstrators claiming that the global economic system was biased in favour of the powerful states and neglected interests of the developing world.

India and Resistance to Globalization

  • Role of Social Movements: Social movements in India have been instrumental in helping the population understand and navigate complexities of globalization. 
    • These movements offer platforms to voice concerns and address issues arising from global influences.
  • Left-Wing Resistance: The left-wing in India has expressed concerns over economic liberalization. The resistance platforms include political parties and forums like the Indian Social Forum. 
  • Trade unions, representing both industrial workforce and farmer interests, have protested against the entry of multinational companies. 
  • The main controversies arose when American and European firms attempted to patent Indian plants, notably Neem, leading to significant opposition.
  • Right-Wing Resistance: The political right in India has primarily resisted the cultural aspects of globalization. Their objections include:
    • The influx of foreign TV channels through cable networks.
    • The celebration of Western festivals like Valentine’s Day.
    • The perceived Westernization of dress preferences among female students in schools and colleges.
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Conclusion

Throughout literature, globalization stands out as a predominant topic, influencing multiple academic spheres. This discourse has unpacked the multifaceted nature of globalization, from its driving forces to its widespread political, economic, and cultural repercussions. Central to this exploration has been the symbiotic relationship between India and globalization, highlighting India’s dual role as both an influencer and a recipient of global trends. As globalization faces challenges and resistance, the significance of Indian social movements becomes undeniably evident, marking India’s proactive stance in this global narrative.

Screenshot 2024 07 23 170215 1

Related Articles 
GLOBALISATION ECONOMIC GROWTH
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UDAAN PRELIMS WALLAH
Comprehensive coverage with a concise format
Integration of PYQ within the booklet
Designed as per recent trends of Prelims questions
हिंदी में भी उपलब्ध

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