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20 JUNE, 2017 (MAINS)



Q1.  How does Globalization offer opportunities and challenges as well, for the Indian agricultural sector? (200 words)


Please write the answer in comments section

  • Osho Korde

    Globalization is the process by which businesses or other organizations develop international influence or start operating on an international scale.

    Globalization- Opportunities and positive effects on agricultural sector in India:-
    1) Availability of modern Agro- technologies
    2) Rise in production and productivity
    3) Growth of National Income
    4) New areas employment
    5) Agriculture as a prime moving force
    6) Rise in the share in trad
    7) Growth of Agro exports
    8) Reduction in poverty


    B) Negative Consequences-

    1. Vicious debt trap and farmers suicides
    2. Migration of labours
    3. Lower income of rural farmers
    4) Lessening international competitiveness
    5) Abnormal hike in Fertilizers and Pesticide prices
    6) Electricity tariffs have also been increased
    7) Price crash
    8) Fall in agricultural employment

    globalization did not yield the desired results in India. It has marginally contributing in minimizing poverty, and removing social inequalities. The desired objectives of this process have not been achieved in India. It is clear with the study that agriculture plays key role in the economy. Agriculture employees 60% of Indian population, yet it contribution varies only from 15 to20% of the GDP. After adoption globalization in 1991 Indian agriculture growth rate increase but at present the economy condition of the farmers is not satisfactory because input cost is high and output cost is low.