IMPACT OF GLOBALISATION ON INDIAN

AGRIBUSINESS
GROWTH OF AGRICULTURAL SECTOR:
The annual rate of growth in agriculture was 2.8 percent in the year 1991-
2001 it has been increased upto 3.8 percent during 2004-2008.
The GDP of this sector was 6.7 % in the year 1991-01, which had
increased upto 8.8% during 2004-2008
TRENDS IN GROSS INVESTMENT IN AGRICULTURE:
The Gross investment in agriculture both public and private investment
was Rs. 14840 crore during 1990-91
And increased upto Rs. 138597 crore during 2008-09 in public and private
investment of agricultural sector.
The private investment in agriculture sector had increased by more than
50%.
TRENDS IN THE PRODUCTION OF FOOD GRAIN IN INDIA:

EXPORTS IN AGRICULTURAL SECTOR:
The share of agricultural export to the total export was 18.5
percent in 1990-91 .
Which was 20.3 percent in 1996-97
And only 9.3% in 2008-09.
Thus the trends of agricultural exports in India has declined
during this period.
IMPORT OF AGRICULTURAL SECTORS:
During the period of globalisation agricultural import has
declined from 10.4 percent to 10.1 percent.
It shows that import of agricultural goods and also declined
trends during globalisation period.
Globalization and Contract Farming In
India-Advantages And Problems

Potential advantages for farmers are:
Provision of inputs and production services
Access to credit
Introduction of appropriate technology
Skill transfer
Guaranteed and fixed pricing structures
Access to reliable markets
Problems faced by Farmers

For farmers, the potential problems associated with contract
farming include:
Increased risk
Unsuitable technology and crop incompatibility
Manipulation of quotas and quality specifications
Corruption
Domination by monopolies
Indebtedness and over reliance on advances.
Green Revolution
Economic result :-
The increase in irrigation created the need of new dams to
harness monsoon water
It boosted industrial growth, created jobs and improved the
quality of life of the people
India paid back all loans taken from the World Bank for the
purpose of the Green Revolution

Sociological Result:-
The green revolution created plenty of jobs not only for the
agricultural workers but also industrial workers by the
creation of lateral facilities such as factories and hydro-
electric power stations help to uplift the social as well as the
economic condition.

The new farming technique gave birth to the serious pollution
of drinking water causing cancer and other diseases.
The fertilizers, pesticides and chemicals led to degradation of
soil quality.
Led to unemployment and Rural-Urban Immigration .
Need of Second Green Revolution
India has tremendous export potential in agriculture in
present era of globalization.
In Second Green Revolution focus should be laid on:
Non food grains
Improving global market opportunities
Improving Rural Infrastructure
Improving Irrigation, Rural roads and Rural electrification