Globalization essay upsc

Essay on Globalisation: The growth of the country’s economy and its higher integration on par with the global economic standards is described as globalization. Foreign investment in corporate, scientific and education sectors has created a financial and political impact on the country’s economy.

In economic terms, globalisation can be described as the interdependence of the different countries to foster the trade beyond their boundaries. The effects of globalization are very much visible in all the countries around the globe; hence, they can be seen on the Indian economy.

At the same time globalization has unfavourable impact on mass-media in India. Currently, realistic coverage of events and happening doesn't receive much importance because it doesn't determine the standing of a newspaper or TV channel. Globalisation has brought violation of journalistic ethics in India.

Globalisation tries to build links in such a way that the events in India can be determined by events happening distances away. To put it in other words, Globalisation is the method of interaction and union among people, corporations and governments universally.