India plans to become self-sufficient in grain pulses in the next 3 or 4 years

Published Jun 14, 2024

Tridge summary

The Indian government is acting to reduce imports of pulses and edible oil and to stabilize food prices through a new 100-day program. The government is working towards self-sufficiency in pulses by 2027 and is implementing a new development program to promote large-scale production of pulses. India is a net importer of edible oils and is also taking steps to become self-sufficient in pulses production, having increased production from 19 million tons in 2013-2014 to 26 million tons in 2022-2023.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Indian government is focusing on reducing imports of pulses and edible oil and stabilizing food prices as part of its “100-day program”. India’s agriculture ministry is working on a new scheme to achieve self-sufficiency in pulses by 2027 in a bid to cut the huge import bill of pulses and edible oil to boost domestic supply, Mint journalist Pooja Das quoted a senior official as saying. India’s import expenditure in FY 2023-24 was $854.8 billion compared to $898 billion in FY23. Agricultural exports alone reached $48.9 billion in FY24, down 8% from $53.2 billion in FY23. While imports of agricultural products fell due to lower imports of edible oils, imports of pulses hit a six-year high. According to India’s Commerce Ministry, the country spent $3.75 billion on imports of pulses and $14.8 billion on edible oils compared to $1.94 billion and $20.84 billion last year, respectively. “Our 100-day program will certainly focus on oilseeds, pulses and biofuels with a major emphasis ...
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