Question

Positive and negative impacts of globalisation in agriculture

Answer 1

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.

Answer 2

Positive Impact of globalization:  

Monetary effect: Globalization empowered more noteworthy access to innovative progressions in  agribusiness, including high return assortments, hereditarily adjusted yields (GM crops) and small scale water system methods. Remote interest in horticulture in contract cultivating, cool stockpiling and nourishment handling have helped ranchers. Access to outside business sectors has incredibly helped Indian rural fares.  

Social effect: Globalization enhanced nourishment profitability and creation and changed country agrarian social orders. It has engaged the agriculturists to comprehend, connect and contend in worldwide markets. The new innovations, particularly in water system, helped in tending to country water pressure and keeping horticulture reasonable. It has additionally helped change the agrarian culture's frames of mind towards new innovations in cultivating.  

Negative Impact of globalization:

Financial effect: Multi National Companies (MNCs) caught the Indian markets making ranchers subject to the costly high return seeds and composts. Fascination of worldwide market brought about agriculturists moving from customary or blended editing to unsustainable trimming rehearses. The opposition from less expensive imports pushed down the costs of yields like cotton, wheat and so forth making agribusiness unsustainable for some agriculturists.  

Social effect: Unsustainable agribusiness rehearses post-globalization and the failure to  contend with less expensive imports added to trouble relocation of country ranchers, wrecking provincial agrarian social orders and conventional family structures. The reliance of MNC seeds brought about ranchers putting some distance between indigenous seeds and cultivating techniques. Globalization caused change in nourishment propensities with expanded utilization of proteins, sugars and fats causing increment in way of life ailments.