This paper provides an overview of the aspects related to Globalization. It is a crucial issue and challenge to all the organizations now days. Globalization has had far reaching consequences to both the people living in India and the economy in general. Defining what is meant by globalization is important in the assessment of its advantages and disadvantages to India. This is particularly crucial since the exclusion of those who clearly support the phenomenon in its present form, that is, those who believe that globalization has many advantages and that these advantages will automatically be felt by the poor, also hold various and divergent views concerning this process.This research is an attempt by the authors to understand the attitude of Industries in India towards Globalization.The purpose of this paper was to provide a review of the existing research in the area of negative and positive side of Globalization. A systematic literature review methodology was adopted. The existing literature was reviewed to find out how Globalization has impacted the indigenous industries and overall employment of the country. This paper traces and presents a concrete overview regarding both the sides of Globalization.