FOREIGN DIRECT INVESTMENT AND INDIAN AGRICULTURE: ITS PROS AND CONS

Abstract

FDI has become one of the important boosts to promote the progress of developing countries. In reality FDI helps to bring technology, create employment opportunities, increases productivity and integrating developing countries into the global market 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 in Indian economy which contributes more than 19% of GDP and 65% employment in India. Performance of Indian economy depending upon the improvement in the agriculture sector. Thus, boosting the agriculture is the need of the hour.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 on it, are always important to India. Thus FDI to promote agriculture is certainly a significant step. However, after the reformation in1991, agriculture sector opened for foreign investment and was also followed by better technology, better seeds and thus rapid growth. KEW WORDS: Foreign Direct Investment,Agriculture, capital, inflow, globalization