Promoting Agricultural Exports from India: : need of the hour
2025
K.N.Ravi Kumar | Ch.Radhika Rani | P.N. Jayakumar | K.P.C. Rao
With the changing global scenario, the Indian agriculture is at the cross roads. It is high time now that India should redesign its agricultural strategies so as to become competitive internationally. The New Agricultural Policy encompasses four dimensions viz., commercialization, diversification, value addition and export orientation. The same agenda figures in World Trade Agreement (WTA) which places emphasis on trade liberalisation and globalisation. It calls for introducing measures for export promotion through devaluation, relaxation of export quotas, introduction of export subsidies etc., because export-led growth is now the most important strategy in the free trade regime. The Government of India has announced a number of liberalisation policies since July 1991 to boost the agricultural exports. As a collorary to this, attempts have also been made to reverse the unfavourable terms of trade faced by the agricultural sector in the pre-liberalization period (during 1972-73 to 1988-89). In July 1991, Indian Rupee was devalued by 18 to 19 per cent against major currencies in the foreign exchange market. Later, the devaluation of Rupee has been increased to 21.4 per cent and the total convertibility has been introduced on trade account. All these measures were essentially taken up to boost the exports in the international market. In this paper an attempt has been made to analyse the growth in agricultural exports from the country, to work out commodity.. wise shares of agricultural exports in world's exports and in India's total exports, trade performance of Indian agriculture, export competitiveness of agricultural commodities in the international market and to suggest suitable measures for boosting the agricultural exports from the country
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