Impacts of globalisation on agriculture
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Globalization has allowed agricultural production to grow much faster than in the past. ... As exports of high-value agricultural commodities increase and the multipliers to per capita income develop, domestic demand for high-value livestock and horticulture will increase rapidly.
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Explanation:
The prices of agricultural goods are higher in the international market than Indian markets. If the developed countries reduced grants, they have to increase in the prices. So there will be increase in the export in Indian market and if the prices grow, there will be profit.
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