With special reference to India, elucidate how globalisation-a multifaceted phenomenon-has had positive socio-economic outcomes on one hand and widened the gaps between the haves and have nots on the other?

(i) Greater employment via MNCs, investments (FDI). (ii) More mobility to women due to new jobs in tertiary sector. (iii) Access to world class health, education services. Poverty reduction 1991: 45% -> 2011: 23%. (iv) Spread of Indian Diaspora: $110+ Bn Remittances (World Bank). (v) Spread of Indian soft power - yoga, bollywood, culture, Indian cuisine.

Widened gaps between haves & have nots: (i) Inequality :- Oxfam Report: Top 1% control 40% wealth in India. (ii) Rise of big MNCs led to diminishing local MSME industries. (iii) Jobs confined to low skill, modern slavery (eg: long work hours in IT sector). (iv) Digital Divide: leading to marginalisation of society (eg: Teledensity -> URBAN = 160%, Rural = 83% (approx)). (v) Diaspora facing human right violation (eg: passport seizure in West Asia).