India can be among top-5 agri goods exporters with effective policies: Report

Published 2020년 7월 29일

Tridge summary

A report by the World Trade Centre has recommended that India could become one of the top five agro commodity exporters by shifting its agricultural focus and providing support to farmers. The country's current global ranking is eighth with an annual agro export of USD 39 billion in 2019. The report suggests that by re-directing the role of extension centres to guide farmers in growing crops suitable for global markets, and ensuring conformity with global quality standards, India could surpass Thailand and Indonesia and boost its agro exports. The report also emphasizes the need to move towards quality food production for global markets rather than quantity.

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Original content

By shifting its focus on cultivation and effectively handholding farmers, the country can be among the top-five exporters of agro commodities, according to a report by the World Trade Centre. The report comes at a time when the government has announced some reforms in the farm sector by allowing farmers to sell produce outside the regulated APMC markets, and relaxing the Essential Commodities Act, among others, which can help boost exports. With an annual agro exports of USD 39 billion in 2019, the country is ranked eighth, after the EU (USD 181 billion), the US (USD 172 billion), Brazil (USD 93 billion), China (USD 83 billion), Canada (USD 69 billion), Indonesia (USD 46 billion) and Thailand (USD 44 billion), the WTC report said quoting the 2019 WTO data. “Through focused intervention in capacity-building, we can enhance our agro exports to surpass Thailand and Indonesia, and become the fifth-largest exporter in the world,” according to the report. To attain this, as a first ...

Source: The Financial Express