India’s Agriculture Export Policy

India’s agricultural exports declined by 8% in 2023-24, missing the $60 billion target set under the Agriculture Export Policy (AEP) 2018.

  • Total exports stood at $48.9 billion, down from $53.2 billion in 2022-23, while imports also fell 8% to $32.8 billion.
  • India ranked 9th globally in agricultural exports, with a 2.4% share in world trade (WTO Trade Statistical Review 2023).

Challenges in Agricultural Exports

  • Frequent Export Restrictions: Bans on rice and sugar create uncertainty for exporters.
  • Global Price Fluctuations: India’s export competitiveness is impacted by volatile global prices.
  • WTO Regulations: Discourages export restrictions, a contentious issue for India.
  • Limited Export Basket: Rice and sugar account ....
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