Volume : VII, Issue : XII, December - 2017

A SNAPSHOT ON AGRICULTURAL SCENARIO UNDER GLOBALIZED ERA

Mrs. K. Sangeetha, Dr. N. Kannan

Abstract :

 The liberalisation of India’s economy was adopted by India in 1991. Facing a severe economic crisis, India approached the IMF for a loan, and the IMF granted what is called a ‘structural adjustment’ loan, which is a loan with certain conditions attached which relate to a structural change in the economy. The government ushered in a new era of economic reforms based on these conditions. These reforms (oadly called Liberalisation by the Indian media) can be oadly classified into three areas: Liberalisation, privatization and globalization. Essentially, the reforms sought to gradually phase out government control of the market (liberalisation), privatize public sector organizations (privatization), and reduce export subsidies and import barriers to enable free trade (globalization).

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Article: Download PDF   DOI : 10.36106/ijar  

Cite This Article:

Mrs.K.SANGEETHA, Dr.N.KANNAN, A SNAPSHOT ON AGRICULTURAL SCENARIO UNDER GLOBALIZED ERA, INDIAN JOURNAL OF APPLIED RESEARCH : Volume-7 | Issue-12 | December-2017

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