Abstract: Globalization has affected all aspects of human life and also influenced the social institutions to a great extent. It operates in an uneven and unequal manner. The neo-liberal economy, i.e., liberalization, privatization and globalization, has further divided the society into haves and have-nots. The small group of world population holds maximum resources and majority of people are trapped in the vicious circle of poverty. The concept of market economy considered human beings as commodities, which are used in production. The theory of “survival of the fittest” is governing the whole system of globalisation. The state, as an institution, has guaranteed social welfare and social justice to the marginalized groups but globalization has reduced the role of a state considerably. The basic pattern of socialistic society has now changed with the emergence of free trade. Social justice as a philosophy, occupies a pivotal role in determining the social life of millions of oppressed and downtrodden communities all over the world.
