Is Globalisation Really Necessary?

Yes Globalisation is necessary, for an economy to grow, and specially for developing countries like India. There are plenty of evidences and records to support it.

Firstly, there is a lot of unemployment in our country. This is mainly because of lack of jobs that even resourceful and skilled people do not get a suitable job. In order to increase the number of jobs, we certainly have to invite foreign companies and there is no shame in doing so because in the long run, we are the ones who will get benefit out of it.

Secondly, investment from foreign companies will give rise to infrastructure development. We will be able to get world-class infrastructure easily with the involvement of foreign companies.

Thirdly, Tourism and foreign exchange will develop more rapidly and in both the cases, it is good for the economy of country. Moreover, exchange will make it easier for students to interact with foreign students and develop better technologies.

For instance, if America doesn’t follow the Globalisation, it would be nowhere compared to its present position. More than half of the countries would have been facing depression if the concept of Globalisation had not aroused.

As an example, today lot of countries are on the verge of depleting their petroleum resources and some countries do not have them at all. If Globalisation was not known then every day will be a dry day in those countries.

In order to promote Globalisation, govt. must reduce the barriers to trade and investment. In addition to it, even the domestic policies must be corrected.

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