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International Journal of Creative and Open Research in Engineering and Management

A Peer-Reviewed, Open-Access International Journal Supporting Multidisciplinary Research, Digital Publishing Standards, DOI Registration, and Academic Indexing.
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ISSN: 3108-1754 (Online)
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License: CC BY 4.0
Peer Review: Double Blind
Volume 02, Issue 05

Published on: May 2026

DYNAMICS OF GLOBALIZATION AND INCLUSIVE ECONOMIC TRANSFORMATION IN INDIA: INTERLINKAGES BETWEEN FINANCIAL DEVELOPMENT, ENERGY CONSUMPTION, EMPLOYMENT, POVERTY, AND SUSTAINABLE ECONOMIC GROWTH

Dr.T.SUBRAMANI

Department of Economics Arignar Anna Government Art's College Cheyyar

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Plagiarism Passed Peer Reviewed Open Access

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Abstract

India’s economy has experienced rapid transformation since the early 1990s, driven by globalization and economic reforms. This process has boosted trade; investments, technology, and social development, helping India become one of the world's fastest-growing economies. Financial development, including expanded banking services and digital payments, has made economic benefits accessible to a broader section of society, especially in rural areas. Energy consumption has increased to support industries, transportation, and households, though reliance on non-renewable sources poses environmental challenges. Employment opportunities have grown, but many workers remain in informal sectors with limited social security, highlighting the need for inclusive growth. Despite progress, regional disparities, poverty, and environmental concerns persist.

This study explores the interconnections between globalization, financial development, energy use, employment, poverty reduction, and sustainable growth in India. Using secondary data from government sources and international agencies, it analyzes trends and relationships over the period from 1991 to 2024. The findings suggest that balanced policies promoting financial inclusion, renewable energy, productive employment, and social protection are crucial for inclusive and sustainable development. The paper emphasizes that integrating economic, social, and environmental objectives can help India build a resilient, equitable, and environmentally sustainable economy. It concludes that future growth depends on harmonizing progress with social justice and ecological sustainability; ensuring benefits reach all sections of society, especially the marginalized and vulnerable groups.

 Keywords: Globalization, Economic Reforms, Social Security, Financial Development, Energy Consumption, Poverty Reduction, and Sustainable Growth.

How to Cite this Paper

T.SUBRAMANI, (2026). Dynamics of Globalization and Inclusive Economic Transformation in India: Interlinkages Between Financial Development, Energy Consumption, Employment, Poverty, and Sustainable Economic Growth. International Journal of Creative and Open Research in Engineering and Management, <i>02</i>(05). https://doi.org/10.55041/ijcope.v2i5.533

T.SUBRAMANI, . "Dynamics of Globalization and Inclusive Economic Transformation in India: Interlinkages Between Financial Development, Energy Consumption, Employment, Poverty, and Sustainable Economic Growth." International Journal of Creative and Open Research in Engineering and Management, vol. 02, no. 05, 2026, pp. . doi:https://doi.org/10.55041/ijcope.v2i5.533.

T.SUBRAMANI, . "Dynamics of Globalization and Inclusive Economic Transformation in India: Interlinkages Between Financial Development, Energy Consumption, Employment, Poverty, and Sustainable Economic Growth." International Journal of Creative and Open Research in Engineering and Management 02, no. 05 (2026). https://doi.org/https://doi.org/10.55041/ijcope.v2i5.533.

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References


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  • All submissions are screened under plagiarism detection.
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  • Published on: May 17 2026
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