Inter

Disciplinary
Group 4 | 10th A

a. Anmaya gupta

Project
b. Bhavya dev
c. Kritin jain
d. Mohd. Hazik Bhat
e. Nirbhay Sharma
f. Ritima Singh Bhau
"Challenges faced by india in the g. Sakshi Sharma
process of globalization" h. Suyash Tickoo
i. Vijay Randhawa
Historical Background of Globalization in
India
Ancient Trade Routes 1
India's global connections date back to ancient
times. The Silk Road and spice trade linked India to
distant lands. 2 Colonial Era
British rule significantly impacted India's global
trade. The East India Company monopolized trade,
Industrial Impact 3 affecting local industries.
Indian industries, particularly textiles, faced
challenges during colonial times. British policies
favoured raw material exports over finished goods.
Economic Impact of Globalization on India
1 Liberalization 2 Multi National 3 Service Sector Boom
Corporations Growth
1991 witnessed a pivotal shift with The liberalization of the economy
India's economic reforms. The The liberalization of trade and fueled a boom in India's service
government opened up its investment policies attracted sector, particularly in information
markets to foreign investment, Multinational Corporations to technology (IT) and business
leading to an influx of capital and India. These corporations brought process outsourcing (BPO). Cities
greater economic integration. with them advanced technologies, like Bengaluru became global
substantial capital, and new job hubs for IT and software
opportunities, particularly in the development, earning the moniker
manufacturing and service "India's Silicon Valley."
sectors.
Challenges Faced by Indian Industries
Small-Scale Impact 1
Local producers struggle to compete with global
brands. Many small businesses face closure.
2 Job Displacement
Automation threatens traditional jobs. Skilled
workers in manufacturing sectors face
Artisan Struggles 3 unemployment.
Traditional crafts face competition from cheap
imports. Handloom weavers in particular are
affected.
Social Challenges of Globalization

Inequality Cultural Erosion Urbanization

The rich-poor divide widens. Urban Western influences affect traditional Cities face pressure from rural
centers benefit more than rural areas. values. Youth increasingly adopt global migration. Infrastructure struggles to
cultural trends. keep pace with urban growth.
Environmental Challenges

Resource Depletion Pollution Increase Textile Industry Impact

Rapid industrialization leads to Air and water quality deteriorate in Textile manufacturing causes water
overexploitation. Forests and water industrial zones. Delhi's air pollution. Rivers near textile hubs
bodies are particularly affected. pollution exemplifies this face severe contamination.
challenge.
Transportation and Globalization
Mode Role in Trade Challenge

Railways Essential for moving freight across vast distances, Requires modernization, expansion, and better
connecting industrial centers and ports. maintenance to efficiently handle increased trade
volume and faster delivery demands.

Roads Critical for last-mile connectivity, delivering goods Significant investments are needed to upgrade
from ports and distribution centers to consumers. rural infrastructure, particularly in remote areas, to
ensure smooth transportation and access to
markets.

Ports Act as international trade hubs, facilitating import Dealing with congestion and capacity constraints,
and export of goods. especially in major ports, requires strategic
planning and investment to ensure efficient
handling of cargo.

Airways Crucial for transporting high-value goods, High operational costs and the need for specialized
perishable items, and time-sensitive products. infrastructure, such as cargo airports, are major
challenges in the sector.
Government Policies and Reforms

1991 Reforms
1 LPG model opened India's economy. Foreign investment limits were relaxed.

Special Economic Zones

2 SEZs attract foreign investments. They offer tax incentives and
simplified regulations.

Implementation Challenges
3 Bureaucratic hurdles slow reform processes. Regulatory
frameworks need further streamlining.
Impact on Agriculture
Global Competition
Indian farmers face competition from subsidized
1
imports. Crop prices fluctuate due to global market
dynamics.

Cropping Patterns
2
Farmers shift to cash crops for export markets. This affects food
security and traditional farming practices.
Positive Impacts of Globalization on
India
Economic Growth Technology Transfer Increased Trade
Globalization has boosted India has gained access to India's exports have grown
India's economy. Foreign advanced technologies and significantly due to
investments and trade have led innovations through globalization. This has opened
to increased economic activity globalization. This has led to up new markets for Indian
and employment. advancements in various goods and services, leading to
sectors, from IT to healthcare. higher revenues and economic
growth.
Conclusion: Balancing Globalization and Self-reliance

Challenges Self-reliance Future Strategy

India faces numerous economic, The Atmanirbhar Bharat initiative, Moving forward, India must strike a
social, and environmental hurdles as a launched by the Indian government, delicate balance between embracing
consequence of globalization. The aims to promote domestic industries global integration and safeguarding
widening gap between the rich and and reduce dependence on imports. its local interests. Sustainable
poor poses a significant challenge, This initiative seeks to strengthen development and inclusive growth
with urban centers reaping greater India's manufacturing capabilities, must be central to this strategy,
benefits than rural areas create jobs, and foster economic ensuring that the benefits of
independence.. globalization reach all segments of
society and are achieved without
compromising the environment.
Inter Disciplinary Project: Team Members
Team Leader Research & Analysis
Anmaya lead and coordinated the project, ensuring all Anmaya and Vijay Contributed in Researching the
team members contribute effectively and meet necessary aspects of the project
deadlines.

Data Collection & Presentation Visual Design & Communication

Anmaya, Suyash Ritima, and Sakshi created a engaging Kritin Handled the visual design aspect of the
file. presentation and bhavya helped in acquiring the
required images for the project.