HRD is essentially a business led approach to tap the people’s potentiality, so that their strength can be systematically availed within the organization. The economy harnesses and uses new and existing knowledge to improve the productivity in agriculture, industry and services etc. In the Organized sector, we have to see what is number  and type of human element available in the Indian market and the needed talent could be made available to the industry. Globalization is a process of transformation of local or regional phenomenon into global one. It is influenced by technological development. The benefits of globalization are talent influx, technical competence, financial inflow and cross cultural amalgamation. Human resources are the greatest assets.  The Challenges are how to increase productivity. Training and development provides bridges between potential and actual human resources.

KEYWORDS: globalization, Human development, talent influx, technical competence