Question

how did green revolution effect market economy

Answer 1

With the increase in farm production the earnings of the farmers also increased and they became prosperous. This has, especially, been the case with big farmers having more than 10 hectares of land.

3. Reduction in import of food-grains:

The main benefit of Green Revolution was the increase in the production of food-grains, as a result of which there was a drastic reduction in their imports. We are now self sufficient in food-grains and have sufficient stock in the central pool. Sometimes we are in a position to export food-grains also.

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The per capita net availability of food-grains has also increased from 395 grams per day in early 1950s to the level of 436 grams in 2003, this in spite of the rapid increase in population. In the words of Dantwala, Green Revolution has given a breathing time. As a result, there will be relief from anxiety of food shortage and the planners will concentrate more on Indian planning.

4. Capitalistic Farming:

Big farmers having more than 10 hectares of land have tended to get the maximum benefit from Green Revolution technology by investing large amount of money in various inputs like HYV seeds, fertilizers, machines, etc. This has encouraged capitalistic farming.