ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Sustaining Agricultural Trade

An examination of the trends in agri-trade for the post-liberalisation period for India shows that agri-imports have grown at almost double the rate of agri-exports. However, due to the initial higher levels, agri-exports continue to be higher than agri-imports by one and a half times for 2003-04. The implications for agri-trade from the vantage point of foreign exchange have become quite limited, but the impact on domestic agriculture has been deepening. While over the years policy has focused relentlessly on non agri-exports, the share of India's agri-exports in world agri-exports is higher than the similar share of India's total exports in world total exports. When the top 15 agri-exports are considered, we do not see any discernible change in the composition, though commodities with a lower share show higher rates of growth. India seems to have avoided abrupt disruptions in its agri-trade patterns.

DHANMANJIRI SATHE, R S DESHPANDE

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