Political Economy of Global Rush for Agricultural Land: a Tract on India’s Overseas Acquisitions

Santosh Kumar Verma


This paper is an attempt to map the global land acquisitions with a focus on Indian MNCs in acquiring overseas land for agricultural purposes. It tries to outline the contemporary political economy of capital accumulation at the global level, especially, in the emerging developing economies like India and China, where the emergence of a new capitalist class has engaged itself into acquisition of land and control of other natural resources in Africa, Latin America, Eastern Europe and South East Asia, for example, water and other minerals to secure itself from the eventual losses of ongoing economic crisis and to earn profit from the volatile agricultural commodity markets. This sway of control of resources by the MNCs has got paramount State support under the helm of neoliberal policies. The paper provides scale of overseas land acquisitions at the current juncture and tries to highlight its causes and the major implications associated with it.

Key words: small farmers, agriculture, land acquisition, economic crisis, transnational corporations, food sovereignty

Data of the article 

First received:  02 December 2014 | Last revision received:  04 January 2015 Accepted: 04 January 2015 | Published online: 12 March 2015


Full Text:



Baran, Paul A., Sweezy., Paul M. (1966). Monopoly Capital: An Essay on the American Economic and Social Order, Penguin Books. Middlesex.

Food and Agricultural Organisation. (2009). The State of Food Insecurity in the World: High Food Prices and Food Security – Threats and Opportunities, Rome

Food and Agricultural Organisation. (2014). The State of Food Security in the World: Strengthening the Enabling Environment for Food Security and Nutrition, Rome

GRAIN. (2010). The World Bank Report on Land Grabbing: Beyond the Smoke and Errors, Available on http://www.grain.org/article/entries/4021world-bank-report-on-land-grabbing-beyond-thesmoke-and-mirrors

Harvey, D. (2006). Neoliberalism As Creative Destruction, Annals of the American Academy of Political and Social Science, Vol. 610, Sage Publications, pp. 22-44

Lenin, V. I. (1917). State and Revolution, Collected Works, Volume 25, pp. 381-492, First Published in 1918. Available on https://www.marxists.org/ebooks/lenin/state-and-revolution.pdf

Patnaik, Prabhat. (2004). The Current Nature of Capitalist Globalisation, Paper Presented in IDEAs’ Workshop: Liberalisation, Macroeconomic Policy and Development options in Asia, 25th-28th September, 2004. http://www.networkideas.org/ ideasact/nov04/ia02_IDEAs_Bangkok_Manila.htm

Patnaik, Prabhat. (2011). Roots of the malice, Frontline. Vol. 28, Issue 17. August 13-26

Rowden, Rick. (2011). India’s Role in New Global Farm Land Grab, http://www.macroscan.org/anl/

aug11/anl230811Rick_Rowden.html. August 1

The Economic Times. (2010). Indian companies buy land abroad for agricultural products, http:// farmlandgrab.org/post/view/10070. 2 January, New Delhi

UNCTAD. (2009a). Food Security in Africa: Learning Lessons from Food Crisis, Forty-Seventh Executive Sessions of the Trade and Development Board. Geneva. 30 June

UNCTAD. (2009b). World Investment Report – Transnational Corporation, Agricultural Production and Development, Geneva

United Nations. (2009). World Economic Situation and Prospects, New York

World Bank. (2010). Rising Global Interest in Farmland: Can it Yield Sustainable and Equitable Benefits, World Bank. Washington DC


  • There are currently no refbacks.




 Google Scholar H5 index 3 

Sponsoring Organisations

Logo Agrarekologie Uni Kassel