'Agri exports shld grow to $120 bn by 2022 to double farm pay'

Image
Press Trust of India Mumbai
Last Updated : Jan 10 2018 | 6:35 PM IST
The country needs to push its agricultural exports to USD 120 billion by 2022 from the present USD 36 billion in order to double farmer's income, according to industry experts.
"India ranks second globally in agricultural production at USD 367 bn. We need to leverage our strength as a large importer of non-agricultural merchandise to push agricultural exports from the present USD 32 bn to over USD 120 billion in order to help double farmer's income," said Crop Care Federation of India (CCFI) president Rajju Shroff.
"We have urged the government to increase focus on trebling India's share in agri exports to double farmers income by 2022. Today India ranks second in agricultural production in the world but eighth in agricultural exports. We lag behind Thailand and Indonesia and this must change," Shroff, who is also MD of United Phosphorus, told reporters.
We have appealed to the agriculture ministry, commerce ministry and institutions like APEDA, NITI Aayog over the past few months to arrest the steady decline in India's agri exports and the sharp increase in imports.
Domestic agricultural commodities face stiff non-tariff barriers in many developed countries that either refuse or restrict our agri exports, he added.
He wrote off farm loans and increasing Minimum Support Prices (MSP) as not sustainable.
"We urgently need to create a single authority to monitor agricultural exports and imports keeping a hawk eye on both. Currently, we have multiple authorities with poor co-ordination and dismal results," he added.
Shroff pointed out that foreign funded environmental activists pose the single biggest threat to the progress of Indian agriculture.
A spurt in Indian agri-exports can boost rural employment, income and purchasing power. It will spruce up allied activities in storage, transportation and processing.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 10 2018 | 6:35 PM IST

Next Story