Globalisation, Agriculture and Development

Globalisation, Agriculture and Development

Perspectives from the Asia-Pacific

Edited by Matthew Tonts and M. A.B. Siddique

This book explores the links between globalization, agriculture and development in a number of contemporary Asia-Pacific nations. It highlights the complex and diversified nature of agricultural change in these contexts, and the ways in which this shapes patterns of economic and social development. Globalisation, Agriculture and Development shows that while agriculture continues to play an important role in local, regional and national development, both the industry and the communities it supports are facing an increasing number of economic, social and environmental challenges.

Chapter 6: Globalisation, India’s Evolving Food Economy and Trade Prospects for Australia and New Zealand

Srikanta Chatterjee, Allan Rae and Ranjan Ray

Subjects: asian studies, asian development, development studies, agricultural economics, asian development, development economics, economics and finance, agricultural economics, development economics, environment, agricultural economics

Extract

Srikanta Chatterjee, Allan Rae and Ranjan Ray INTRODUCTION Since the early 1990s, the Indian economy has been growing rapidly, both by its own historical standards and relative to many other economies, developed and developing. This has engendered several structural changes both within the economy and in its relationship to the rest of the world. While in many areas these changes are policy-induced – and desirable – some are more like ‘side-effects’ that need deeper analysis and may call for policies to deal with them. The Indian economy is still largely dependent on agriculture; this dependence is not so much in terms of agriculture’s share in the gross domestic product (GDP) – 17 per cent in 2008, and steadily declining, as the share of services increases. In terms of labour employment and absorption, however, agriculture still accounts for around 60 per cent of all employment in the economy (Chatterjee 2008). Agriculture is also significant because of its obvious connection with food security and human nutrition – an issue of national priority since planned economic development began in India in the 1950s. This chapter has three interrelated aims. First, to examine how India’s recent economic reforms have impacted on its agricultural sector, with particular reference to its food production and distribution. Second, how India’s economic growth of recent years has impacted on the patterns of food consumption in urban and rural sectors, and how these changes together have impacted on India’s trade patterns involving cereal and non-cereal food products. A special focus of this objective is...

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