1/23/2023 0 Comments Health impacts of globalization![]() Impact on Health:Īnother neglected sector in India is public health. To improve the domestic and global economies and increase sustainability the government should support globalization initiatives. ![]() This impacts economic growth domestically and internationally. Globalization produces a worldwide economy, which is restructured by the rapid increase in global trade. From $1,255 in 1978 to $3,452 in 2005 to $33,600 in 2016 the economic process has also led to increasing per capita and gross domestic product (GDP) respectively. From 3.5% (1950–1980) to 7.7% (2002–2012) and this rate peaked in 2005–2008 with 9.5% the average annual rate of growth of the Indian economy has increased. ![]() Since its integration into the global economy in 1991 India’s economy has grown radically and this has a drastic impact on India’s economic condition. In a broad sense, the term ‘globalization’ means a blend of economies and societies through cross country flows of information, evidence, thoughts, technologies, goods, services, wealth, finance, and people and thus this is the definition of the term Globalization. Ample theoretical studies proved that globalization intervenes in a cultural life of public that raises numerous critical issues (Robertson, 1992). Globalization incorporates a huge impact on various aspects of people’s lives such as culture, social-economic, political, and community life.
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