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Impacts of globalization on oceania12/28/2022 ![]() While the economy gets foreign currency, thereby to get more foreign reserves, all are kept quiet. Whereas, globalization has given chance to expand the Indian IT and Pharma sector, and also agricultural processed material. Because of cheap export, small traders suffer a lot. Let us discuss the effect of globalization under these components.Įconomic effect: As the supermarket structure arrived in India, it is very difficult for the farmers to sustain. There are multiple components of globalization and they are classified as follows: Impact on Indian economy Impact on Indian economy High cost>high loans > if crop fails> high loss> suicide. Gap increase between rich and poor farmers Less manpower in the field, unemployment in villages Minimum wastage of grains, fruits, vegetables as we can adopted techniques from develop country ![]() Establishment of food processing industries, increase in employment R & D to acquire a position in the world agriculture market Fruits, nuts, vegetables which were first imported from foreign countries are now produced at our places and exported which in turn increases foreign exchange Minimum usage of fertilizer, pesticides, and water There are positive and negative impacts of globalization on Indian farmers: This prompts the need of making Indian agriculture successful and profitable by improving the conditions of small and marginal farmers, countering the negative effects of the Green Revolution, developing and promoting organic farming, and diversifying cropping patterns from cereals to high-value crops. Post liberalization, Indian farmers face new challenges in the form of competition from highly subsidized agriculture of developed nations. Thus, globalization has had its boons and banes for Indian agriculture. In 1917, Indian farmers revolted in Champaran against being forced to grow indigo instead of food grains, in order to supply dye to Britain’s flourishing textile industry. Raw cotton and species were important export items from India. The impact of globalization on Indian agriculture has been felt since colonial times. Globalization tries to construct links in such a manner that the events in India can be determined by events happening distances away. It comprises the creation of networks and pursuits transforming social, economic, and geographical barriers. Globalization is the final product of the collection of multiple strategies that are directed at transforming the world towards greater interdependence and integration. Globalization is usually demonstrated to indicate the integration of the economy of the nation with the world economy, which is a multifaceted aspect. Globalization tries to build links in such a way that the events in India can be determined by events happening far away. It includes the creation of networks and pursuits transforming social, geographical, and economic barriers. It is due to the collection of multiple strategies, which are directed at transforming the world towards greater interdependence and greater integration. The term “Globalization” refers to the integration of the nation’s economy with the world’s economy it is a multi-faceted aspect. School Online Class What is Globalization? Here you can get the answer of Describe the Impact of Globalisation on Indian Agriculture for NCERT class 10 social science. ![]() Describe the Impact of Globalisation on Indian Agriculture
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