Farm Economy

India's farm exports could surge past $40 billion in FY25, driven by rice and seafood, but fresh geopolitical tensions and US tariff risks could cloud the outlook for FY26

The achievement will be commendable, given that exports of several high-value items, such as wheat and rice, have been banned during the financial year to control inflation

Analysts consider the south-west monsoon to be the lifeline of India's agri-based economy, as it is likely to brighten outlook for bumper crop output amid inflationary times post covid-19 blowout.

The panel interacted with 73 farmer organisations

Food and Consumer Affairs Minister Piyush Goyal stressed the need for boosting India's outward shipments to be among top-5 nations in farm exports

Agriculture minister Tomar says it has become opposition parties' nature to oppose

The proposed changes include giving states the right to frame rules to register private mandis

PM defends farm laws, says these opened doors of opportunities for farmers

A Gaon Connection survey has found that more than half of the country's peasantry oppose these, but one-third of them did not know details of the legislations.

The return of migrant workers to their villages offers an opportunity to give agribusiness a leg-up

Experts say with several countries averse to Chinese products, India's farm exports have an opportunity to capture such markets; buffalo meat, rice are among the products with promise

Non-availabilty of labour and transport takes a toll on shipments; bottlenecks at customs exacerbate problem despite round-the-clock clearance by govt

Farm reform focus should shift to income generation

State to support paddy share cropping and contract farming, will also promote cluster farming of export oriented commodities

Ongoing curbs have all moderated economic activity levels in the first half of FY18