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Globalization is a Process which interconnected and interdependent globally as Politically, Economically and Socially. Globalization impacts worldwide societies in economic, social, political, cultural and many other aspects. Countries of the world are now competing, strengthening alliances, and restructuring themselves. Many historians believe that globalization started in the 18th century but its discussion gained momentum in 1980. When the US said under the “Washington Consensus” to connect all the countries to their economy globally, it was just a suggestion, then China opened its economy to the world, but due to political instability and some other reasons in India it is not so. In 1991, India also connected its entire economy to the world level. Now let’s try to understand a globalization in the context of India, before 1991, all the companies were controlled by the government or owner by the government. The price of the goods or how much of which goods to be produced, that is, everything was decided by the government, after the economic change in 1991 AD, all the power came in the hands of the companies.

In India, after economic reform in 1991, People got job, introduced new technology, services but increased poverty, inequality in our society. According to the Oxfam report of 2020, 63 people of India have more assets than the annual budget. 1% of people have 73% total wealth generated in the country, report releaed in 2017. I explain through a example, like a company daily production cost is 50cr and company pay 10,000 salary to labour. Next month company daily production cpst is 100cr but labour wages are almost same. 70% – 80% amount goes to single individual person. similarly after 1991, companies started making rules according to their own profit (set of goods prices, labour wages). The national minimum wage rate in India is ₹ 176 / day. But 60% of the people do not even get the minimum
wage rate.

Due to globalization, the economy of the whole world got connected with each other, a large number of goods were imported and exported, but the developed countries benefited the most. Countries like America, Britain, France, Germany did not have so much natural resources, these countries exploit more amount of mineral resources from developing countries and pay little amount of money. The developed countries manufactured goods and sold to developing countries including India for 55 – 60 times expensive cost. them to the same country from where they had exploited the mineral resources, at 55-60 times more price than our own. Sold. But we could not understand, we used some remaining minerals and made some items but due to lack of quality in it, there was no demand. In India people spend 60% of their entire income only on health services, capitalism behind making such a large number of people sick It’s the same hand. First create a problem, then solve it, bring disease like covid, asthma, malaria, typhoid, then sell its medicine at 10 times more price so that we all become poor. Now a new trend has started, get health insurance before getting sick, purchase anti virus before the virus in the phone or laptop.

In simple language, it can also be called “the deal of fear” this fear is created by the company which has to sell its insurance. Buy a car, buy a mobile, buy land, insurance for everyone, even the singer insures his throat so that his throat does not get damaged. There are thousands of such examples, but understand from this example how artificial disaster is shown as natural disaster. I agree that flood is an artificial disaster. In India only 2.2 million tonnes/day of soil is cut in the Brahmaputra river, due to the cutting of millions of trees, soil erosion occurs. All the soil gets mixed in the river, due to which the water level of the river rises and the River water mixed with rain water brings floods in monsoon. understand one thing where lakhs of trees were cut down to set up just a few factories but on the other hand millions of people become poor due to artificial calamity like floods.

New definition of poverty
During the Corona Pandemic, the World Bank gave a new definition of poverty “New Poor”, 10 – 150 million people in the world became poor due to coronavirus, the number of poor in India has increased by 8 million. A lot of people have come on the road, they do not have money to buy oxygen, and those who were already poor have nothing left to eat even today. Here also the big people benefited, the corporate house and other big companies played the role of vulture, big corporate houses started selling oxygen, injection and antiviral drugs at expensive prices, even here globalization has an important role in the initial phase of covid wave. China sold substandard PPE kits and viral drugs in huge quantities, after this many countries searched for vaccination and then competed to sell the vaccine, this made poor countries more poor, rich countries became more rich, all sectors in India connected to the global sector But agriculture was not added, as a result of which all the sectors were giving negative growth rate during the Corona period, while the agriculture sector had a growth rate of +3.4%, according to a data, in the last 20 years agricultural equipment, chemical sewage, making seeds The revenue of the company has increased by 60% but the income of the farmer has increased by only 25 paisa.