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The Impact of Liberalization and Globalization on India’s Agrarian Economy

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Abstract

This chapter analyses the impact of policies of so-called stabilization and structural adjustment, or liberalization and globalization, on the agrarian economy of India. These are policies that have been imposed, in differing degrees, on the people of the Third World by international capital and domestic bourgeoisies for more than two decades now, and we shall examine their specific form and impact on the Indian countryside.1 In India, although there are continuities between the era of globalization and preceding periods, particularly after 1984, the sharp acceleration of the policies of neoliberal reform can be said to have occurred after 1991, when the Congress Government in which the present Prime Minister was first made Finance Minister came to power.

Keywords

  • Public Investment
  • Land Reform
  • Financial Liberalization
  • National Sample Survey
  • Food Subsidy

These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Ramachandran, V.K., Rawal, V. (2010). The Impact of Liberalization and Globalization on India’s Agrarian Economy. In: Bowles, P., Harriss, J. (eds) Globalization and Labour in China and India. International Political Economy Series. Palgrave Macmillan, London. https://doi.org/10.1057/9780230297296_6

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