Impact of Globalization on India's Urbanizati...

Impact of Globalization on India's Urbanization, Economic Growth, Environment, Human Rights, and Economic Crisis – A Macro Economic Theoretical Perspectives

Author Name : Dr. G. Yoganandham, Mrs. D. Varalakshmi

DOI: https://doi.org/10.56025/IJARESM.2023.118231504

ABSTRACT Globalization in India is a significant global phenomenon that has significantly impacted the country's economy, society, and culture. Globalization and its benefits can be felt across the globe, regardless of where in the world you are reading this article from. It has helped people from around the world connect like never before. Most importantly, globalization has paved the way for businesses to expand in a way that wasn’t possible on a local scale. Nonetheless, India is a nation that has perhaps experienced the most effects of globalization. Known for having one of the largest populations in the world, India has very quickly become a great source of labor in the technology sector and is currently the sixth-largest economy in the world. In 2021, it enjoyed a nominal GDP of $3.17 trillion at a growth rate of 8.9 percent