Globalization and its impact on agriculture sector of Bihar

Pages: 226-230
Pallawi Kumari (Department of Economics, Patna University, Patna, Bihar)

Bihar’s economy is basically agrarian and small and marginal farmer based. With the onset of economic reforms, it was thought that Globalization would immensely benefit agricultural sector giving boost to its export and increase in agricultural production and productivity. But contrary to expectations, both the production and productivity of Bihar’s agriculture has decelerated due to severe problems grappling agricultural sector like poor tenancy reforms, low public investment in agriculture, fragmented holdings, lack of mechanization, poor institutional support and lack of credit availability. However, despite various shortcomings, Bihar has the potential of becoming major exporting hub by concentrating on its dynamic crops like Litchi, makhana, mango, sugarcane, potato and tea.