india’s agricultural trade
Post on 24-Jan-2018
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India’s total agricultural trade during 2016-17
was around Rs. 4 lakh crores (Rs. 3,92,234
crores)
India has emerged as a net exporter of
agricultural produce.
Exports - Rs. 2.28 lakh crores and imports -
Rs. 1.64 lakh crores during 2016-17.
India’s major items of agricultural exports during 2016-17 are:
Rice (Basmati and Non-Basmati) – Rs. 38,749
Spices – Rs. 19,442
Cotton (Raw) – Rs. 10,982
Sugar – Rs. 8,678
Fresh Vegetables – Rs. 5,772
Coffee – Rs. 5,668
Ground Nuts – Rs. 5,454
Oil Meals – Rs. 5,371
Cashew Nuts – Rs. 5,303
Rice -basmati21%
Spices19%
Rice(other than basmati)16%
Cotton raw10%
Sugar8%
Fresh vegetables6%
Coffee5%
Groundnut5%
Oil meals5%
Cashew nut5%
India’s major items of agricultural imports during 2016-17 are:
Vegetable oils - Rs. 73,047
Pulses - Rs. 28,523
Fresh fruits – Rs. 11,241
Cashew nut – Rs. 9,027
Wheat – Rs. 8,509
Sugar – Rs. 6,868 (India is a net exporter)
Cotton raw – Rs. 6,337 (India is a net exporter)
Spices – Rs. 5,758
Vegetable oils47%
Pulses19%
Fresh fruits7%
Cashew nut6%
Wheat6%
Sugar4%
Cotton raw4%
Spices4%
Misc processed items1%
Cocoa products1%
Oil Meals1%
From consumer centric to farmer centric
Taking care of ‘Make in India’
Long term interests of India’s Agricultural
Trade
Regular monitoring mechanism – monitoring
mechanisms strengthened, new
mechanisms put in place
Better coordination with various Departments
& Organisations
Measures to handle Edible Oil imports (almost 50% of our agri imports), Pulses (1/5th of our agriimports)
Major revision of Agricultural Trade Policy in respect of Pulses: Import duties increased to protect farmers, export restrictions removed.
Major revision of Import Duties in respect of Edible Oils: Biggest import tariff hike during the last decade. For ex: Crude Palm Oil duty raised from 7.5% to 15% (in August, 2017) to 30% (in November, 2017).
Import duty on Soyabean seeds hiked (from 30% to 45%)
Strengthening Institutional mechanisms to support faster, scientific and farmer centric Agricultural Trade Policy
Unveiling long term Agricultural Trade Policy
Collaborations & Agreements with foreign countries so as to improve our agri exports
Creating/supporting think tanks in Agricultural Trade Policy
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