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Globalization is an economic concept. It has social, cultural and political aspects. Besides bringing an increment to the salaries, Globalization has also brought an enhancement to the production levels. Even then, the problems of poverty, unemployment, malnourishment, illiteracy, etc. still exist in the society. Most of the people, particulary tribals, dalits and those who were already poor, are still deprived of its benefits. Present paper focuses on these economic factors of Globalization