Globalization in India: Challenges and opportunities in IT sector

Globalization is a multifaceted phenomenon. The paper identifies some of the challenges it poses, as well as some of the opportunities it offers. Attention is focused on one of the major driving factor of Globalization that is, Information technology. Globalization means international integration.. The Information Technology sector has made the world a global village, shrinking national boundaries and integrating cultures. The Information Technology industry has enabled India to accelerate in the path of growth. The Indian Information Technology Industry is without any doubt the acknowledged world leader. The availability of favorable reforms and factors has led to India being a most sought after destination for global companies to outsource their business. Innovations in IT have created new jobs and increased international trade and investment. However, the expansions of IT have also introduced costs. Greater demand for high-tech workers and introduce efficiencies make jobs obsolete. Also, there is an inequitable distribution of access to IT, called the digital divide. If the new technologies are to fulfill their promise, these costs and concerns will need to be addressed so that people of the country can have equal opportunity to experience the advantages of them.