Agriculture Export Policy

Exports of agricultural products would play a pivotal role in achieving the goal of India becoming a 5 trillion $ economy. In order to provide an impetus to agricultural exports, the Government has come out with a comprehensive “Agriculture Export Policy” aimed at doubling the agricultural exports by 2022 and integrating Indian farmers and agricultural products with the global value chains.

Agriculture exports growth will have a domino effect on the forward and backward linkages. It will increase employment and will create demand as more than 40 % of workforce is engaged in primary activities. This will lead to more aggregate demand which in turn will create a sound environment for Indian economy to grow.

Objectives

To double agricultural exports from present ~US$ 30+ Billion to ~US$ 60+ Billion by 2022 and reach US$ 100 Billion in the next few years thereafter, with a stable trade policy regime.

• To diversify our export basket, destinations and boost high value and value added agricultural exports including focus on perishables.
• To promote novel, indigenous, organic, ethnic, traditional and non-traditional Agri products exports.
• To provide an institutional mechanism for pursuing market access, tackling barriers and deal with sanitary and phyto-sanitary issues.
• To strive to double India’s share in world agri exports by integrating with global value chain at the earliest.
• Enable farmers to get benefit of export opportunities in overseas market.

Elements of Agriculture Export Policy

The recommendations in the Agriculture Export Policy have been organised in two categories – Strategic and Operational.

Conclusion

Agriculture forms the backbone of the rural economy which in turn forms backbone of India as close to 70% of population lives in rural India. 5 trillion $ dream cannot be realized without the growth of agriculture sector and agriculture export policy provides the way forward to make Indian economy a 5 trillion $ a reality.