Globalization is the new trend in the world scenario, which aims at integrating our economy with that of the world:

·         Its aim is to be realised within a certain time frame.

·         It is based on free and open international trade.

·         It ensures that only quality and competitive goods would survive the world market.

Impact

·         Indian farmers now are exposed to a new industrial environment. They would have to compete with other farmers of other countries in producing quality and competitive goods.

·         With the use of favourable climatic conditions and soil conditions, improved and new implements, efficient labor we would have to produce goods, which could complete in the world markets.

·         India would need the technologies being used by foreign countries. Infrastructure like the development of roads, electricity, irrigation, and credit facilities will have to be developed.