IMPACT OF GLOBALISATION AND INDIAN AGRICULTURE

Abstract

Globalization refers to increases the movement of all economic aspects cutting across boundaries of native states aiming at the integration of the Domestic economy with Global economy. Indian economy had experienced major policy changes in early 1990s. The new economic reform, popularly known as, Liberalization, Privatization and Globalization (LPG model) aimed at making the Indian economy as fastest growing economy and globally competitive. The series of reforms undertaken with respect to industrial sector, trade as well as financial sector aimed at making the economy more competent. India which is considered for the wide spread poverty and malnutrition has recognized recently to achieve millennium development goal of reducing half of the poverty by the end of 2015 by initiating necessary reforms and structural adjustments especially in agricultural sector. To achieve it India also accorded to the world trade organization agreement in order to integrate with the global trade. Under which several reforms initiated in farm sector since 1990‟s. A number of crucial issues have surfaced in the agricultural sectors which need immediate focus to enable the country to takes realistic stand under agreement on agriculture and also need to adopt certain strategies for safeguarding their existence livelihood and culture. Due to the Globalisation there is a impact on Agriculture in India. The Growth rate in Agriculture declined from 1990‟s to 2007. Further, Growth rate in employment in rural areas was also declined during the post-reform period the support of Government for agriculture sector development have been gradually declined during the reform period. Thus the impact of globalization on agriculture sector has worsened. Hence, there is need to bring out structural changes for strengthening agricultural sector