Globalization and Its Impact on Indian Agriculture-A Macro Level Analysis

Globalization, the process of integrating the domestic market with the world market for international trade, finance, and goods and services stands differently from normal course of action. The concept of global village elevates the competition in every market to the world order and agricultural market cannot remain out of its ambit. Globalization refers to integrate the domestic market with world market in the field of trade of goods and services, technology and labor etc. Globalization is the process of movement of capital and flow of finance from one country to other country. Agriculture sector plays key role in economic development. Recent agricultural policies of the government under the back drop of the liberalization have lead to increase in agricultural productivity. The main theme of this paper is to study the growth rate of production in per hectare and impact on Indian agriculture with the help of globalization before and after this concept. For study purpose the period from 1950 to 2011 is considered.