Today, worldwide the economy is globalizing at tremendous speed. Mergers and acquisitions of companies are playing a key role in the economy. Many Indian companies are playing a vital role in the global economy by acquiring the biggest companies of the US, the UK, etc.
Most of the Indian companies are playing a vital role in developing the country's economy through their expertise in diversified fields.
The Indian economy is surging ahead with a 9 to 10% growth estimation.
Foreign reserves are growing and globalized goods are available to different people according to their preferences and needs. All these are one side of the coin; on the other side are people suffering with epidemic diseases, lack of requisite skills to obtain good employment, basic amenities, proper nutrition and basic education to their children, etc., and are living with nightmares of drought and other natural calamities.
About one-fourth of the population worldwide, particularly in African countries and in India, is living below the poverty line and facing troubles because of the brokers and middlemen who charge higher interest.
Due to the globalization of economy, the rich are getting richer while the poor are becoming still poorer.
When the fruits of globalization are not reaching the poor, what is the use of globalization of economy?
Under such circumstances, it is the responsibility of the governments as well as the Non-Governmental Organizations (NGOs) to assume `social responsibility' to uplift the poor. In this context, some organizations have already included some of the following objectives |
