Are there any negative impacts of globalization on indian agriculture?
Answers
Answer:
yes
Explanation:
IMPACT OF GLOBALIZATION ON INDIAN AGRICULTURE.
Source: CLEAR International Journal of Research in Commerce & Management . Jan2016, Vol. 7 Issue 1, p65-67. 3p.
Author(s): BANSAL, INDRA
Abstract: The present shows that the liberalization policies adopted by the government of India played a dominant role in the agrarian crisis that is now being played out. However, this is not to say that privatization, liberalization and globalization are per say bad, or inherently inimical to an economy. It is the 'one size fits all' brand of liberalization adopted by the IMF and the World Bank which forces countries to privatize, liberalize and globalize without exception which has failed. Without taking into account the state of an economy, and in this case, the state and nature of the agricultural sector in India, the IMF and the World Bank, with the cooperation of the Indian government, embarked on mismatched reforms, which have caused misery and despair among millions of Indian farmers, driving large numbers of them to suicide. It is also essential to break the link between aid and liberalization, which caused India in the first place to accept the conditions of the IMF. Remember that India was on the brink of a financial crisis in 1991 when it applied for the IMF loan and accepted its conditions --perhaps the course of economic reform in India would have taken a very different course if there was no urgent need to borrow from the IMF. The start to this process may have already occurred: recognizing the failure of its liberalization policies, (and perhaps also the failure of DFID with AP's power reforms) the Blair government of Britain announced in 2004 that it will no longer make liberalization and privatization conditions of aid. In another blow to the neo-liberal lobby, Chandrababu Naidu suffered the worst ever defeat in the 2004 state elections in his party's history, with rural AP clearly rejecting his brand of World Bank sponsored liberalization. The battle, however, has not yet been won. It is essential for the rest of the G8 to follow Britain's example in order to influence World Bank and IMF policy towards India to ensure blind liberalization is not pursued, and so that countries like India can adopt tailor-made reforms to suit their economy.
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Explanation:
The impact of globalization on Indian agriculture has been felt since colonial times.
Raw cotton and spices were important export items from India. In 1917, Indian farmers revolted in Champaran against being forced to grow indigo in place of food grains, in order to supply dye to Britain's flourishing textile industry. Thus, globalisation has had its boons and banes for Indian agriculture.
Post liberalization, Indian farmers face new challenges in the form of competition from highly subsidized agriculture of developed nations. This prompts the need for making Indian agriculture successful and profitable by improving the conditions of small and marginal farmers, countering the negative effects of Green Revolution, developing and promoting organic farming, and diversifying cropping pattern from cereals to high-value crops.