• SUSHEELA

Globalization is the openness of economy to whole world. It has been associated with key areas of change, which have led to a marked transformation of the world order. Globalization in India is generally taken to mean integrating the economy of the country with the world. This, in turn, implies opening up the economy to foreign direct investment by providing facilities to foreign companies to invest in different fields of economic activity in India. The main policy initiated towards globalization by the Government of India can be discussed under many headings. Globalization can be a major force for prosperity only if it is backed by adequate national policies and conducive social and economic environment. Promoting development in rural areas is a slow and complex process. It requires simultaneous action in various sectors, in an environment undergoing rapid, sometimes volatile change. And what is happening in the global economy how can we then expect the rural poor to understand new global trends, respond to new challenges and tap opportunities. For this reason alone, it is important for all stakeholders to work together and identify which aspects of globalization will affect the livelihoods and welfare of the rural poor and how. But we need deep analysis. We must critically analyze global processes from the point of view of indigenous and endogenous knowledge systems, and ask whether local knowledge systems and social systems can cope with ever rapid change. The basic motivation for our study is that globalization exerts some powerful forces that shift the location of some decision making and policy implementation from its original location at the national level to state and local level, and that that shift if not fully recognized. The result is that there is a failure to understand where policy making and implementation is taking place in today’s world, and also an associated failure to recognize the importance to strengthen state and local policy institutions.

Globalization, Liberalization, Privatization, Rural Development.

"GLOBALISATION AND ITS IMPACT ON RURAL DEVELOPMENT", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.5, Issue 12, page no.193-198, December-2018, Available :http://www.jetir.org/papers/JETIR1812E51.pdf

"GLOBALISATION AND ITS IMPACT ON RURAL DEVELOPMENT", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 12, page no. pp193-198, December-2018, Available at : http://www.jetir.org/papers/JETIR1812E51.pdf