Elucidate the relationship between globalization and new technology in a world of scarce resources with special reference to India. (250 words) [2022]

Globalization and new technology have had a significant impact on the world of scarce resources, and this impact has been particularly pronounced in India.

Globalization refers to the increasing interconnectedness of the world’s economies, cultures, and populations. It has been driven in large part by advances in technology, particularly in the areas of transportation, communication, and information technology. Globalization has had a number of positive impacts, including the expansion of international trade and the growth of the global economy. However, it has also had negative impacts, including the depletion of natural resources and the degradation of the environment.

New technology has also had a significant impact on the world of scarce resources. Advances in technology have allowed for the more efficient use of resources and have made it possible to extract and use resources that were previously inaccessible. However, new technology has also contributed to the depletion of resources and the degradation of the environment. For example, the use of fossil fuels for energy production has contributed to climate change and the depletion of nonrenewable resources.

In India, the impact of globalization and new technology on the world of scarce resources has been particularly pronounced. India is a rapidly industrializing country with a large and growing population, and this has put a strain on its natural resources. The country has also experienced significant environmental degradation as a result of industrialization and the increasing demand for resources. However, India has also made efforts to address these issues, including through the adoption of sustainable development policies and the promotion of renewable energy sources.

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