THE IMPACT OF LIBERALIZATION, PRIVATIZATION, AND GLOBALIZATION (LPG) ON INDIAN AGRICULTURE


Prof. Vasanth Kumar
Department of Humanities and Social Science, Yenepoya Institute of Arts, Commerce & Science (YIASCM), Yenepoya (Deemed to be University), Mangalore
Abstract
The study examines the influence of Liberalization, Privatisation and Globalization (LPG) reforms on agricultural sector in India since their initiatives in 1991. The study explores evolving disputes and government measures in providing solution for the problem faced by the marginal and small-scale agriculturists. The research objective is to examine the influence of LPG on export of agricultural items, Technological innovations, Geographical disparities along with ecofriendly practices. The study examined the strengths such as enhancement in export of agricultural products and diversification of harvests, weaknesses are identified as geographical differentiation and reduction in public funding these aspects are analysed through SWOT analysis. Encouragement or opportunities on LPG reforms includes combination of technological innovations and ecofriendly procedures whereas, threats are identified as financial disparities among farmers and environmental depletion. This complete analysis offers a mixed view of varied influence of LPG on agriculture in India, Proposing the requirement for sustainable approach and higher inclusiveness for agriculture expansion.
Keywords: Liberalization, Privatization, Globalization, SWOT analysis, Indian agriculture, regional disparities, Environmental sustainability, Technological advancements, Government policies
Journal Name :
EPRA International Journal of Agriculture and Rural Economic Research (ARER)

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Published on : 2024-09-23

Vol : 12
Issue : 9
Month : September
Year : 2024
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