Crossborder production of goods and services has virtually changed the dimensions of the international economic order. Termed as globalisation the process has resulted into a world where markets as indispensable part of human life are no longer isolated from each other. By making use of the latest technology, at competitive cost goods of high quality are produced as a package of end product. The various components manufactured in one part of the world on account of labour cost advantage are assembled in another part whereas sold somewhere else. As an example, an interconnection can be seen between the iron ore industry of Brazil and steel plate making in Mexico and its close association with the automobile industry of USA or that of Japan.Globalisation has a preference for large units of production controlled from overseas. In such type of giganticism and bigger units of production, capital rules the human beings. They are treated as things and assets rather than living beings, leading to alienation of labour from the product. The process of globalisation is irreversible. We cannot fight it to end. Rather we should not waste our reserve of energy in fighting with the process, we should fight to bring it down to our basic realities. We should use it to provide input to the concept of Swadeshi which means small is beautiful. At the same time Swadeshi also has to widen its horizon to cooperate with the increasing global activities. Then and only then harmonised development is possible. Swadeshi does not leave any scope for coexistence of the poor and the rich or the weak and the strong nations. When taken to higher levels it means that after everyone’s basic needs have been satisfied there should be some overall constraints on material demands so that resources can be diverted towards the fulfilment of man’s non-material needs.