With the integration of the world economy, there have been many improvements in trade and commerce. Goods and services are so freely available in the markets. Globalization has certainly created a mark in global trade. It has opened avenues of business for many thousands of people, as they cater to customers from the whole world. Infrastructure and technology has played a major role in uplifting this concept of globalization. With globalization, there has also been an increase in the standards of goods, which would have otherwise been missing. This phenomenon has had many positive effects and of course some negative effects, which cannot be ignored. Indigenous markets are taking a beating because of rampant globalization. Every coin has two sides, there are positives and negatives. In this case, the negative effects are being countered by the Government of the respective countries with support from worldwide organizations.

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