Globalization is as extremely interesting and attractive in 21^st century as modernization development and change have been for the preceding century. To think of the world as a global village was once a day dreamer’s pleasure. Not any more instead the end of the 20^th century will be remembered for bringing the dream of globalization to reality on the one hand, several outcomes of this transformation are within the access of huge strength of human being availability of internet facility and fax machines are its examples. Who could have thought its wide speed availability in India three dictated ago? Globalization as a trend would create it’s on each area of Indian culture and society. On the other hand, the process of globalization has generated universal disillusionment. Those express praise for its arrival are fewer. Disillusionment prevails not only in the developing but also in the developed world. It needs to be analyzed as to what lie in the root of such disillusionment.