close

Focus on agri-exports

The pandemic-driven bonanza will not last

Business Standard Editorial Comment Mumbai
Image
Premium

Even after a 23 per cent rise in shares of the company over the past month, analysts maintain their positive stance and see further upside.

The government’s reported plan to reintroduce transport and marketing support for agricultural exports is a timely move. It will help hard-pressed exporters to cope with high freight costs and other logistical constraints. But this step alone may not suffice to lift farm exports to the desired extent. Other measures, aimed specifically at upgrading the quality and enhancing cost competitiveness of farm products, are equally vital. Though India has traditionally enjoyed a positive trade balance in agriculture — agri-exports being invariably higher than agri-imports — the present level of agri-exports is just around half the achievable mark.
Farm exports in 2020 were around $42 billion whereas the current potential, as assessed by the Agricultural and Processed Food Products Export Development Authority, is around $80 billion. The country’s first dedicated Agricultural Exports Policy, announced in 2018, had set an even more ambitious export
Or

Also Read

Railways maintains steady momentum with higher freight loading in May 2021

Bigger firms pass on surging input costs to consumers, smaller ones stuck

Douse the farm fire

Seeds of discontent

Focus on food processing

A stalled growth engine

The Aukus effect

China's 'Lehman moment'

Own goal in Punjab

Structural changes in GST

First Published: Sep 21 2021 | 11:59 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers. Already a BS Premium subscriber?LOGIN NOW

Register to read more on Business-Standard.com