Agribusiness In India: Issues And Challenges

Abstract

This paper examines how under liberalization and globalisation, agri-business has opened new vistas for growth and development of the rural economy in general and of the agrarian economy in particular. It also analyses the challenges in developing agribusiness arising out of the diversity and/or paucity of resources and difficulties of adaptation. The objectives of the paper are: (i) to put forth the real advantages of agribusiness from an Indian perspective; (ii)  to understand  the changes and challenges in the on-going process of Indian Agricultural Transformation in the context of  development of the domestic economy and for healthy integration of Indian Agriculture to the global economy; and (iii)  to examine alternative policy interventions for balancing the rural economies vis-à-vis urban economies.