Economic Viability of G.M. Crops in India: A Comparative Study between G. M. Cotton and Non-G.M. Cotton in Punjab

Genetically modified crops brought a huge controversy in India after its introduction in the form of G.M. Cotton. Debates are continuously going on amongst the scientists, economists, social workers and other stakeholders of the society. The aim of this study is to determine the economic viability of genetically modified (G.M.) cotton and compare its cost-benefit analysis with non-G.M. cotton. It is a type of ex-post facto research. This investigation depends on both primary and secondary data and covered 200 cotton producers out of which 100 were G.M. cotton producers and 100 were non-G.M. cotton producers. A survey was conducted in summer season of June, in the different areas of Punjab like Bhatinda, Faridkot, Kotkapura, Fazilka, Muktasar relating to the agricultural year 2016. The analysis of the survey demonstrated that G.M. cotton provide higher yield and more profit. This study is very useful for policymakers to prepare the most favourable policy for different stakeholders of G.M. crop.