Impact of Globalization and Multinational Corporations on Farmer Suicides in India: An Overview, Effects, Strategies and Policies
Globalization; MNCs; privatization of the seed sector; unsustainable agriculture
The tragic rise of farmer suicides in India brought to light some of the high social and ecological costs associated with globalization and unsustainable agriculture. The study analyzes the impact of globalization and MNCs on farmer suicides and suggests strategies and policies. The crucial findings show regressive agricultural policies, output declines, insufficient credit support, private parties intervention, land fragmentation, and the high cost of cultivation due to the privatization of the seed sector that led to worst debt traps among other factors as major contributors to this turmoil. This research underlines the ongoing efforts in understanding and tackling these issues. 2023 Taylor & Francis Group, LLC.
International Trade Journal, Vol-38, No. 1, pp. 99-112.
Jahnavi A.G., Department of Economics and Analytics, Christ (Deemed to be University), Bangalore, India; Dastagiri M.B., Department of Research Systems Division, ICAR-National Academy of Agriculture Research Management, Hyderabad, India