The promise of no further restrictions on processed agricultural export, a stable export policy regime for farm products and streamlining of the current APMC laws are part of the changes suggested to double agri export to $60 billion by 2022. Issued on Monday by the commerce and industry ministry, the draft policy on agri export aims to push India into the list of the top 10 countries in this regard, while doubling India’s share of global export in the category.
The policy paper recalls that between 2012-13 and 2016-17, the country’s agri trade dwindled from $36 billion to $31 billion, a 5 per cent annual drop. Our export basket is led by marine products ($5.8 billion), meat ($4 billion) and rice ($6 billion), together 52 per cent of the total in agri products. Despite India occupying a leading position in global trade of these products, its total agri export basket still accounts for only a little over 2 per cent of world agri trade, estimat
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