Abstract

IMPACT OF GLOBALIZATION ON SOCIO-ECONOMIC CONDITIONS OF RURAL AND URBAN AREAS IN INDIA

Dr. K. Srinivas

Volume: 8 Issue: 2 2018

Abstract:

Globalization is “the growing economic interdependence of countries world-wide, through increasing volume and variety of cross border transaction in goods and services. In the last two decades everyone talks of globalization and says that whole world is a global village. In the basic sense it means ‘integrating’ the economy of the country with the world economy. The impact of globalization on Indian and rural areas has a tremendous influence which is both positive as well as negative. The Indian urban and rural life is viewed as the two faces of the same coin. They are mutually interdependent and both have a greater impact of globalization. India is getting global recognition and slowly moving forward to become a major economic and political strength. Thus, the paper clearly elucidates that globalization is a complex phenomenon and its impact on rural and urban areas clearly. It has a very profound impact on both Indian rural and urban areas. As a result globalization has shown remarkable growth in urbanization and rural development.

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