CASIRJ Volume 9 Issue 3 [Year - 2018] ISSN 2319 – 9202 International Research Journal of Commerce Arts and Science http://www.casirj.com Page 112 Implications of Globalization on Select Agricultural Indicators: A Comparative Analysis of India & China Dr. Srinibash Dash MA, LLB, MBA, Ph. D. Assistant Professor, Department of Professional Courses, Gangadhar Meher University, Sambalpur, Odisha, 768004 12Years of Work Experience Email: dash.srinibash@gmail.com , Mobile No.: 9853132904 & Mr. Uma Charan Pati MA (Economics), MPhil., Ph.D (Continuing), MBA in Financial Management Assistant Professor, PG. Dept. of Economics, Gangadhar Meher University, Sambalpur, Odisha, 768004, India, Email: umapati.eco@gmail.com 19 Years of Work Experience Abstract International Monetary Fund has helped a lot the third world economies through the SAP for their rapid economic development. As a result, developing economies have got real push-ups from globalization; most prominently agricultural factors have facilitated economic empowerment of the masses. The most populous countries like India and China, having huge agricultural base, have been impacted the most in their drive towards sustainable development. We have made use one dependent dummy variable and t statistics to test the hypothesis as regards the pre-globalization and post-globalization changes in select agricultural indicators. The study reveals that the agricultural transformation indicators like exports; Imports, instrument land area etc. have been influenced significantly by the wave of globalization. Keywords: Globalization, Agricultural Indicators, Dummy dependent, t Statistics Introduction: In the present economic scenario financial globalization is the real engine for push-ups economic growth across the world especially third world economies by gradually removing the barriers to trade and investment among the nations. Further, it has given tremendous opportunities countries like India and China through Structural Adjustment Programmes by the IMF. As a result, it can greatly enhance the role of agricultural Indicators as an engine for growth in low-income countries by making it possible for agriculture to grow considerably faster than domestic consumption. It also increases the potential for agriculture to increase food security