Paper Title
Impact of globalization on Indian agriculture : An analysis.
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Registration ID: IJNRD_303484
Published ID: IJNRD2501192
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Keywords
Globalization, Indian, Agricultural sector, economy, environment, GDP, population, economic development
Abstract
GDP Contribution from Agriculture: As of 2024, agriculture accounts for about 16% of India's total GDP. Nonetheless, it employs about 45% of the workforce, demonstrating a glaring productivity disparity that still poses difficulties for policymakers. Even though total GDP growth slowed to 6.4% in 2024–2025, the farm sector in India is expected to rise 3.8% thanks to a strong monsoon and increased grain output. 60% of the workforce is employed in various agricultural, horticultural, and related industries, making the agriculture sector the backbone of the Indian economy. It makes about 16% of the GDP. One nation with an agrarian economy is India. International integration is referred to as globalization. It encompasses population migrations, the expansion of global trade, the creation of sophisticated communication tools, the internationalization of financial markets, the increasing significance of multinational corporations, and, more generally, the increased mobility of people, capital, products, services, data, and ideas. Through this process, the heterogeneous globe is brought together to form a single society. To put it briefly, it is the transformation of the world into a global village. 60% of Indians are employed in agriculture, although its share fluctuates only from 15 to 20% of the GDP.The growth rate of Indian agriculture increased when globalization was adopted in 1991, yet the current state of farmers' economies is unsatisfactory due to high input costs and low output costs. The agricultural sector's expansion is being hampered by the removal of subsidies. Particularly in a nation like India, the agricultural sector is crucial to the process of economic development. Given this reality, Indian planners have prioritized the growth of the agricultural and related sectors since the inception of the country's economic planning process.
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DR. NILUFAR YASMIN (January-2025). Impact of globalization on Indian agriculture : An analysis. . INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT, 10(1), b853-b858. https://ijnrd.org/papers/IJNRD2501192.pdf
Issue
Volume 10 Issue 1, January-2025
Pages : b853-b858
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Paper Reg. ID: IJNRD_303484
Published Paper Id: IJNRD2501192
Research Area: Science and Technology
Author Type: Indian Author
Country: --, -, India
Published Paper PDF: https://ijnrd.org/papers/IJNRD2501192.pdf
Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2501192
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