Globalisation of the economy has helped the farmers in marketing their produce and has helped in raising their standard of living. Do you agree?

Question

Accepted Answer

Globalisation has opened up the economy and allowed several national and multinational companies to operate in India. Many fast food chains and hotels now enter into contracts with farmers to supply farm products of the desired quality. These companies not only provide farmers with seeds and other inputs, but also assure procurement of the produce at pre-decided prices. Such arrangements reduce the price risk of farmers and expand the market for farm products. In this way, globalisation has helped farmers market their produce and improve their incomes.