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Globalisation is not a new phenomenon. It was there at the time of colonisation. In the nineteenth century, when European traders came to India, at that time too, Indian spices were exported to different countries of the world and farmers of south India were encouraged to grow these crops. Till today, it is one of the important items of export from India. Under globalisation, particularly after 1990, the farmers in India have been exposed to new challenges. Despite being an important producer of rice, cotton, rubber, tea, coffee, jute and spices, our agricultural products are not able to compete with the developed countries because of the highly subsidised agriculture in those countries. Today, Indian agriculture finds itself at the crossroads. To make agriculture successful and profitable, proper thrust should be given to the improvement of the condition of marginal and small farmers.