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Abstract
Globalization has made a single common place for the whole world. Generally speaking, globalization in India means integrating the country's economy with the world.It, in effect, means opening the market to foreign direct investment by providing foreign companies with facilities to invest in various fields of economic activity in India. In India, the globalization cycle caught up with the 1991 constitutional reforms.In terms of their way of life, culture, values, taste, fashion and preferences, globalization affects people. The exchange of world views and ideas through globalization has resulted in a significant transformation in people's lifestyle and living standards. India has a rich cultural background and the world's culture is prominent.Globalization is a multidimensional process that embraces the economic, political, cultural and social dimensions. New developments in information and communications technology have accelerated the nature and speed of this process.The economic convergence of economies has been driven by international financial markets and trans-border output network. This paper focuses on both sides of globalization-both positive and negative.