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

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

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Journal
EPRA International Journal of Agriculture and Rural Economic Research
Published
2024-09-23
DOI
https://doi.org/10.36713/epra18354
Primary Topic
Agricultural Economics and Practices
Type
article
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article

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

Prof. Vasanth Kumar
EPRA International Journal of Agriculture and Rural Economic Research
Agricultural Economics and Practices
article

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

Prof. Vasanth Kumar
article en

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

EPRA International Journal of Agriculture and Rural Economic Research
Yenepoya University (IN)
Openalex Percentile: Top 71%
Agricultural Economics and Practices
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THE IMPACT OF LIBERALIZATION, PRIVATIZATION, AND GLOBALIZATION (LPG) ON INDIAN AGRICULTURE — Prof. Vasanth Kumar · EPRA International Journal of Agriculture and Rural Economic Research (2024) | TGRS Research Map | TGRS