Tamil Nadu   

“Globalisation brings down agricultural growth rate”

Tuticorin: The advent of globalisation has slowed down the agricultural growth rate in the country considerably, according to S.V. Hariharan, Professor (International Economics), School of Economics, Madurai Kamaraj University.

Delivering the keynote address at a workshop on ‘Impact of globalisation on Indian agriculture,’ organised by Kamaraj College here on Saturday, he said that the growth rate had plummeted below three per cent after the economy was liberalised in 1991, owing to liberal import policy and fall in government investments, among others.

The decade prior to introduction of liberalisation policy had witnessed an average growth rate of 3.6 per cent in the agriculture sector.

Dr. Hariharan said that agriculture growth rate graph showed an increase only in Bihar, Himachal Pradesh, Manipur, Meghalaya, Nagaland and Tripura, after the economy was opened up in 1991. Gujarat, Kerala, Tamil Nadu and Union Territory of Puducherry registered a negative growth rate during the period.

He opined that the Government should not show any hastiness to reduce subsidies to farmers to overcome the crisis faced in the sector.

Any further reduction in subsidies meant lower income for farmers, he said.

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