Economic Effect Of Genetically Modified Crops Of India And Their Acceptance Globally

Abstract

Using laboratory testing, GM crops are created by transferring genes throughout organisms for certain features. These plants are referred to as agrobacterium tumefaciens, genetic engineering vegetation, or GMOs (Transgenic Organisms). Since India underwent the Agricultural Productivity in the 1970s, we are now self-sufficient in the food grain industry. Caused by climate change and mounting human impact, the condition has substantially altered in the twenty-first century. It will be difficult to end malnutrition and hunger worldwide by 2030, but it can be done via organic agriculture and the combined efforts of all partners. The universe is once again seeing a spike in hunger. The needs for food and nourishment cannot be met by current technology. The past ten years have seen a tremendous acceleration in the medical and technological advancement in these fields on a worldwide scale. The objective of this study is to clarify the idea of genetic engineering research with a view to economic effect of India and their acceptance globally. The widely used GTAP (Global Trade Analysis Project) modelling tool has been used to assess the impact of introducing GM crops into Indian agriculture. The components' actual income has improved only somewhat as a result of the significant drop in consumer prices.