Agricultural Crisis and Farmers’ Suicides in India

Abstract

Agriculture is the backbone of Indian economy. This sector has played crucial role in growth of Indian economy. It is source of livelihood for nearly 50% of Indian population. Agriculture has major share in India’s GDP . It accounts for 14% of GDP at present. But post liberalization has witnessed a huge crisis in  agriculture sector. Growth rate of food grain production and productivity has declined in the era of globalization which has led to low farm income, rising indebtedness and subsequent  farmers’ suicides which is really alarming. The objective of the paper is to analyze the causes of agrarian crisis  and farmers suicide in India and to find solution to come out of this crisis