The global financial crisis of 2008–09 had already slowed globalization to the point of ’slowbalisation,’ and the world had yet to fully recover when the shocks of the coronavirus offered fresh obstacles. It prompted concerns about globalization’s future. The De-globalization Trend has gained momentum as a result of this pandemic. Globalization defined as well as united the world into a single market, but COVID-19 has exposed it to danger. To deal with the circumstance, competitiveness rather than comparativeness is essential. Various development models have been addressed in this paper that could aid in returning to the globalization era, or to put it another way, the beginning of the Re- globalization era. Making oneself Self-reliant or the concept of ‘Aatm Nirbhar’ is good but is not the solution to solve the De globalization problem. There is a need to focus on the competitiveness, productivity of abundant products, using Swadeshi Products. The need is required to focus on rural and vulnerable society, stress is given to create a new development model with the inclusion of the Gandhian model and PURA model. There is a need for to ‘Make in India to be Make in World’ concept.

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Keywords: Globalization, Deglobalization, Global Village, LPG Model, Models of Development.