Abstract
It is quite apparent that at this relatively early stage, there is little observable evidence of gains to India’s agricultural performance after opening up. However, there could easily be benefits that have not yet surfaced, or are yet to be identified and perhaps too difficult or intangible to measure. Whatever the case, it is highly likely that it is too soon to assess the full impact of globalization and economic reforms. Export promotion via the development of export and trading houses as well as effective liberalizing export promotion zone schemes for agriculture are fairly recent measures and only time will tell as to how effective these measures. Other possibilities such as agro-industry parks for promoting exports are also in the pipeline. In conclusion, India has successfully set sail on the waters of globalization and economic reforms and even in the wake of economic and political instability, India has to be carefully guide its course in order to reap the benefits of increased productivity growth in the agricultural sector.
Published Version
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