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

Published Jul 29, 2020

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 agro exports were ranked eighth globally in 2019 with a value of $39 billion. The report suggests that by re-orienting extension centres to guide farmers in growing crops suitable for global markets, and advising on the judicious use of pesticides to meet global quality standards, India could surpass Thailand and Indonesia and become the fifth-largest exporter. The report also emphasizes the need to shift the focus from quantity to quality in agricultural production, particularly in horticulture crops for global markets.

Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

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 $39 billion in 2019, the country is ranked eighth, after the EU ($181 billion), the US ($172 billion), Brazil ($93 billion), China ($83 billion), Canada ($69 billion), Indonesia ($46 billion) and Thailand ($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 step, the study said, the ...

Source: Moneycontrol