Impact Of Liberalization, Privatization, And Globalization On Indian Agriculture Sector

  • Sukanya.A, Dr.C.Parvathi


            India is considered as one of the fastest growing economies in the world. Agriculture is the mother of any economy, whether it is rich or poor. Much of its influence is on the other sectors of economy - industry and service. India is the second largest in farm output. Hence, India’s economic security continues to be predicated upon the agriculture sector, and the situation is not likely to change in the near future.  The per capita availability of land, water, and other finite natural resources will decline and water stress would augment due to climate change. The specific objectives of the study is to study the current scenario of Indian agriculture sector and to understand the trends in agriculture exports and imports. the study is based on Secondary data was collected through various secondary sources namely Agriculture Statistical at Glance (2016), Agriculture censes Report(2016), and Various Government Reports,(2016-17) etc., The study was used appropriate statistical tool namely trend line. The study found that there has been a decline in contribution of agriculture sector in GDP along the years (2011-18). The study concluded that globalization plays a role just at international levels of trade and commerce but the fact is that it has played an important role in making our lives much more comfortable too. Indian agricultural markets are likely to get affected through various re-adjustments in the output-vector as it exists before and after trade liberalization both at global and Indian borders. India in which it chooses or chooses not to liberalize its own markets to provide market access.