There are positive & negative impacts of globalization on Indian farmers as followed-
Positive impacts :
- New techniques are adopted in farming.
- Increase in productivity.
- Minimum usage of fertilizer and pesticides and water.
- Fruits, nuts, vegetables which were first imported from foreign countries are now produced at our places and exported which in turn increased foreign exchange.
- Research and Development to acquire a position in the world agriculture market.
- Establishment of food processing industries, increase in employment.
- Minimum wastage of grains, fruits, vegetables as we can adopt techniques from developed countries.
Negative impacts :
- Less manpower in the field leading to unemployment in villages.
- High cost.
- Increased gap between rich and poor farmers.
- High-cost leads to high loans which in case of crop failure results in high losses, forcing farmers to commit suicide.