Impact of Globalisation on Economical Culture

Abstract:

There is a Sanskrit phrase in the Hindu text “Vasudhaiv Kuttumbkam,” meaning “The World is one Family.” The  aim of “Vasudhaiv Kuttumbkam,” can  however be achieved when there is free Movement of tangible and non-tangible goods, services and exchange of people,  ideas, problems, and culture among the nations. The exchange should not only be limited to one nation .  Globalization causes growth in GDP, availability of new and advanced products, advanced infrastructural facilities, and facilitate emerging of new sectors of the economy .Though it creates new jobs opportunities, However it may results global warming, and cultural diversity. This paper aims at to study whether people believe in the exchange of  Indian culture with other country’s people and are happy to accept the western culture. This paper contains four sections.  Section I contains Introductions. The second section contains the positive influence and challenges of globalization. The third section analyses the Null Hypothesis and Alternative Hypothesis. Alternative Hypothesis is sharing and exchange of culture among themselves and not the dominance of a single culture .A  questionnaire  was prepared for the purpose on five point scale and analysed by the Likert Scale.  Section four contains the Steps taken by the Government to facilitate culture exchange within the nation and outside the nation ,Suggestions and Conclusion.