Socio Culture:Globalization

Guided By: Presented By:Dr.Swaroop Reddy Tofan Kumar LemeshwaryThakur Arun kumar

Globalization

Socialization of people for improving business and financial activities across the globe can be referred as globalization.

Socio- Culture of Globalization

Globalization has a wide role to play worldwide. It has left back its footprints at every sphere of life. Not only in India, but the interchange of world views and ideas has resulted in a major transformation of the lifestyle and living standard of people globally.

There is increasing interaction between people of different countries. As a result food habits, dress habits, lifestyle and views are being internationalized.

Globalization has influence the culture of one country to another country.

As a result globalization has brought to India new technologies, new products and also the economic opportunities.

MNCs are looking at India in a big way, and are making huge investments to set up R&D centers in the country. India has made a lead over other growing economies for IT, business processing, and R&D investments.

There has been both positive and negative impact of globalization on social and cultural values in India. such aspects are analyzed under the following heads.

Positive impact of Globalization on

Indian culture

Globalization has allowed for the spread of customes,language and products.

Globalization has allowed for people to be able to attain goods and services which are not previously available.

It has allowed people to become familiar with the culture of other country allowing for greater understanding.

The negative impacts of globalization on Indian culture:

Family Structure. Marriage Values.  Social Values. Adultery. Food, Clothing. Employment and the Agricultural Sector

Political impacts of globalization on Indian:

• Far reaching political changes have arisen from increased economic and social globalization, with developing

• Newly developed economics becoming even more dependent on the activities of developed economies such as the US where there is a centralization of capital and technical expertise.

India`s Economic position among BRIC Countries

Impact of globalization on business in India

• India has a consumer base of 1.14 billion people.• India is the 3rd largest global telecom market. • The mobile subscriber base has grown from 0.3 Million in

1996 to over 250 million currently.• India is likely to add over 200 shopping malls by 2010 and

715 malls by 2015.o India is the world’s:o 2nd largest two-wheeler market,o 4th largest commercial vehicle marketo 11th largest passenger car market.o Expected to be the 7th largest automobile market by 2016.

DEFINITION of 'Brazil, Russia, India, China, South Africa.’

The BRICS thesis posits that China and India will, by 2050, become the world's dominant suppliers of manufactured goods and services, respectively.

While Brazil and Russia will become similarly dominant as suppliers of raw materials.

Due to lower labor and production costs, many companies also cite BRICS as a source of foreign expansion opportunity, and promising economies in which to invest.

Conclusion Globalization involves the diffusion of ideas, practices and

technologies and the increase of worldwide social relations which link distant localities, significantly impacting on the economic, social, cultural and political dimensions of nations and its peoples.

The recent recession has seen corporations and institutions from developed nations moving their focus to developing countries, particularly in the East.

Cheap labor, relaxed industrial norms and the capacity to shift base at short notice to countries with more favorable policies have all significantly impacted on economic globalization.

Multinational corporations have shifted power away from the nation state with their 'brand' globalization.