Effect of globalization on Indian economy?

Answer 1

Actually Globalisation happened in 1991 in India. Its main intention was to liberalise, privatise and Globalise the industrial sectors. before this industries were facing so much government intervention, so after that industrial sectors became almost free to make their own decision about establishing a new branch, producing the products and marketing etc,. Drastic change is that now the Indian counsumer is free to purchase the product which he likes from anywhere in the world. foreigners can also buy from India. so the economies off althe nations are interdependent on other. that's why we also have G8 and G20 summits.

Answer 2

do your project with your own research or try simpler topics like nationalism in Europe from the history section if you cant do it then flunk your boards. thank youCorporate agriculture: The implications for Indian farmersJayati GhoshDecember 2003IGlobalisation has already affected the farm sector in India, as in many otherdeveloping countries, in a range of adverse ways. The most evident is the squeeze onfarmers' incomes, and the threat to the viability of cultivation, which has come aboutbecause of rising input costs and falling output prices. This reflects the combination ofreduced subsidy and protection to farmers in developing countries, and trade liberalisationwhich exposes these farmers to competition from highly subsidised production in thedeveloped world. This combination, along with deflationary policies which have hit ruralpublic expenditure, has created unprecedented agrarian crisis over much of the developingworld, including in India.However, until now, the Indian agricultural sector had been relatively spared fromthe most extravagant excesses of neoliberal interference, in the form of the corporatisationof agriculture. That reprieve now seems to be over, as the central government and severalstate governments in India are gradually won over by the dubious charms of contractfarming. This is increasingly being presented as the great new hope and the way out of themorass in which Indian agriculture now finds itself, and is being actively promoted by majorinternational donor agencies as well as by multinational companies that stand to gain fromthis process, and has recently been promoted by the central government as well.The Government of India's National Agriculture Policy envisages that "privatesector participation will be promoted through contract farming and land leasingarrangements to allow accelerated technology transfer, capital inflow and assured market forcrop production, especially of oilseeds, cotton and horticultural crops". The NDAgovernment at the Centre has already drafted a model law on agricultural marketing toprovide, among other things, legal support to contract farming agreements. Several stategovernments, in Andhra pradesh, Gujarat, Karnataka, Punjab and Tamil Nadu, are activelypromoting contract farming, changing laws to enable and support it, and providingcompanies interested in it with a variety of incentives, including lifting of land ceilings,subsidies and tax rebates. Other state governments, including in West Bengal, are underactive pressure to change their policy towards contract farming.In this context, it becomes urgent to assess the experience with contract farmingboth internationally and in the recent Indian context. Contract farming is defined as a systemfor the production and supply of agricultural or horticultural products under forwardcontracts between producers/suppliers and buyers. The essence of such an arrangement is the commitment of the cultivator to provide an agricultural commodity of a certain type, at atime and a price, and in the quantity required by a known and committed buyer, typically alarge company. According to the contract, the farmer is required to plant the contractor'scrop on his land, and to harvest and deliver to the contractor a certain amount of produce,based upon anticipated yield and contracted acreage. This could be at a pre-agreed price, but1

Answer 3

Well globalisation has a positive effect on Indian Farming sector as the companies strive for cheap labour and for farming there is abundant cheap labour in India and so the food manufacturing companies would be attracted and this will surely have a positive impact on India Farming Sector

Answer 4

Effects of globalising in India has made the government coropted . But due to the developments which has taken place has at least taking of the label from India as a developing country but mostly reffered as the developed country . Though globalisation is taking place in India in a rapid manner , if this energy is not stirred in the right manner India is going to land up in lots of trouble .

Answer 5

effect of globlization on learner