Open AccessFOREIGN DIRECT INVESTMENT AND INDIAN AGRICULTURE: ITS PROS AND CONS
Author(s) -
Dr.Gaonkar Gopalakrishna M
Publication year - 2019
Publication title -
epra international journal of agriculture and rural economic research
Language(s) - English
Resource type - Journals
ISSN - 2321-7847
DOI - 10.36713/epra2704
Subject(s) - foreign direct investment , agriculture , globalization , productivity , development economics , business , context (archaeology) , developing country , economics , international trade , economic growth , market economy , geography , macroeconomics , archaeology
FDI has become one of the important boosts to promote the progress of developing countries. In reality FDI helps to bringtechnology, create employment opportunities, increases productivity and integrating developing countries into the globalmarket place. In that process raising stranded of living and poverty reduction is possible in the country concerned. Thus,FDI is inevitable inclination in every field of the country in recent years. Agriculture is one of the prominent sector inIndian economy which contributes more than 19% of GDP and 65% employment in India. Performance of Indianeconomy depending upon the improvement in the agriculture sector. Thus, boosting the agriculture is the need of thehour.This paper tries to analysis merits and demerits of FDI for agriculture in Indian context. In the midst of globalization,positive changes in any sector of the economy is the welcoming move. Indian agriculture and the population depending onit, are always important to India. Thus FDI to promote agriculture is certainly a significant step. However, after thereformation in1991, agriculture sector opened for foreign investment and was also followed by better technology, betterseeds and thus rapid growth.KEW WORDS: Foreign Direct Investment,Agriculture, capital, inflow, globalization