Impact of globalisation on Indian farmers: a critical assessment
Nemi Chand Goliaya (Panjab University)
Paper short abstract:
Globalisation adversely affected the Indian farmers. Liberalisation policies lead to vicious debt trap and farmers' suicides. Curtailment in government subsidies and grants has weakened the agricultural sector. Cheap imports flooded the market, pushing prices of crops like cotton and pepper down.
Paper long abstract:
Globalisation has always been an air of confusion among nations about assessing the pros and cons of globalization on the health of their economy. Agriculture an area of utmost concern for the developed and the developing world alike, India is no exception to it. Better say it has been among few countries in the world spear-heading the campaign against the biased provisions of the WTO concerning agriculture. There are few positive consequences of globalization on Indian agriculture but as far as a developing country like India is concerned the negative consequences are proved as more effective. Liberalisation policies lead to vicious debt trap and farmers' suicides. Indian farmer, who is already paralyzed by low productivity and lack of postharvest storage facilities, has resulted in heavy loss of produce and revenue. It is only because of low tariff in imports due to liberalised import duties which came as a bombshell. The domestic farmer could not stand the competitiveness of international market, which has resulted in migration of labor from agriculture to other industrial activities. Along with this, the curtailment in subsidies and grants has weakened the agricultural sector. Cheap imports flooded the market, pushing prices of crops like cotton and pepper down. As a result farmers committing suicides . This paper is critical analyses of impact of globalisation on Indian farmers. This study is based on reports of international, national agencies and government data.
- Transnational political economies of development