Globalisation: It means connecting the national economy with other economies of the world. It has made cross-border flow of money, technology and people very easy.
Positive Impacts on Agriculture:
- Indian farmers will have access to the international market. They can sell their produce at international prices.
- Indian farmers can also use modern technology and machinery which are now used only in foreign countries.
- Capital investment from foreign countries will develop the Indian agriculture.
- Globalization will also help in biotechnology and genetic engineering in India.
Negative Impacts on Agriculture:
- Small farmers of India cannot compete with farmers of developed nations because of the highly subsidised agriculture in those countries.
- Indian farmers may not get the international buyers as the quality of our crops is not as per the international standard.
- Due to globalization, Indian farmers will try to grow more cash crops and there will be a shortage of food in our country.
- Multinational Companies [MNCs] of developed countries will exploit our farmers as Indian farmers are poor and illiterate.
