Paradox of Success of Punjab Agriculture in Global Village: A Study on Challenges and Suggestions

Punjab is among the richest states in India which throbs with vibrant people moving on the path of prosperity and is mainly called Bread Basket of nation. With advent of green revolution state has witnessed tremendous production of food grains in mainly wheat and rice. But the trend of globalization has decelerated the agricultural production growth rate by posing number of challenges in the form of WTO and OCED rules regarding Agreement on Agriculture, reduction in subsidies, high import duties, TRIPs related agreement. The Punjabs agriculture sector has reached a point where immediate action is required to regain its leadership role. The paper examines the prosperity of state and challenges to Punjabs agriculture in globalized world. The thrust of the paper is to suggest agricultural reforms for future course of action at domestic and international level.