We live in the era of globalization. Globalization refers to the process through which societies and economy are integrated through cross border flows of ideas, communication, technology, capital, people, finance, goods, services and information. Globalization is not limited to the economy of the countries only; but the term globalization actually refers to every aspect of life, like social, cultural, communal, psychological, political etc. It has opened avenues for employment and encouraged women participation too. This leads to the rise in economy. But due to rise in competition and unequal income distribution both within and between countries; India suffer from low economic status. Rich are becoming richer and poor are becoming more poor, which results in marginalization or exclusion of particular group or sector of society; like aged people. Connection between globalization and ageing appears artificial. No significant change is seen on the life of aged people. On one side, aged population is increasing rapidly and on the other side, the traditional welfare institutions are deteriorating. Thus, care for the elderly has emerged as an important issue in the country.

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Keywords: Globalization, Economy, Aged People, Exclusion, Liberalization.