The Effects of Globalization on India

This video elaborates on the influence that America has had on India and its effect on globalization. America and India have had a early start in history in trade, which has overtime led to the current globalization, which is the "development of an increasingly integrated global economy marked especially by free trade, free flow of capital and the tapping of cheaper labor markets." Globalization has caused India to become strong economically and has allowed way to pick those up suffering from poverty. In terms of working, many of those in India work at call services during the night time, working with people across the world. In comparison to those of America, it is very cheap labor. Globalization has also had a great impact culturally as many of them now have means of technology such as computers, cellphones, etc. Economically speaking, India has transformed into a country of spenders, rather than savers. The term globalization has evidently impacted not only India, but numerous countries that are now evolutionizing and becoming better.