Question

Explain the impact of globalization on Indian agriculture?

Answer 1

Instructions:

• Start by explaining what globalization is.
• Explain the impact of globalization on the Indian economy.(explain why it has both advantages and disadvantages).

Solution:

• Globalization refers to the spread of products, technology, and data transcending national borders.
• Benefits:
  • Process to export and import products became easy
  • India is famous for its spices, cotton, tea, etc.
  • Various products from other countries are available in our market.
• Drawback:
  • Farming became costly
  • Competition increased for domestic farm products