Evaluating Globalization In India: A Comparative Study Of Economic Impacts Before And After 'Make In India'

Abstract

This research paper presents a comparative analysis of globalization before and after the launch of the "Make in India" initiative. In our interconnected world, globalization has become a significant force shaping economies, cultures, and communities, particularly in the context of India (Srinivasan). This study examines the various dimensions of globalization and its multifaceted impacts on human life. While globalization presents opportunities such as enhanced trade and technological advancement, it also poses challenges, including cultural homogenization and economic disparities (Rodrik). A thorough analysis of its political, social, cultural, and economic dimensions enables a deeper understanding of its effects on India and beyond. The paper employs secondary data to conduct a comparative analysis of globalization's impact before and after the "Make in India" initiative. The introduction contextualizes this research issue, underscoring its significance in today’s globalized environment. Our conceptual framework is informed by contemporary theories and existing literature, ensuring a solid foundation for our analysis (Nayyar). Through a carefully structured data collection approach and a clearly defined methodology, we have prioritized the reliability and validity of our empirical findings. Our investigation reveals the considerable influence of the "Make in India" movement on various aspects of globalization. Although the study faces limitations, including reliance on secondary data and potential biases in source material, it makes a significant contribution to the discourse on globalization, especially in the Indian context (Kumar). The findings give critical insights into the dynamics of globalization and evaluate the effectiveness of policy initiatives like "Make in India" in fostering economic growth and development