From 1990s onwards, the share of farm exports in India's total exports has gone down gradually. Analyze the reasons for the same
Published: October 27, 2015
Prior to liberalization era, share of farm exports was around 20% but post 1990, the share has experienced a steep fall to 11% in 2012 owing to the outperformance of service and manufacturing sector. With the unveiling of LPG reforms, services and manufacturing sector got a fillip due to enabling factors such as liberalized norms, end of compulsory licensing, increase in FDI limits etc. These parameters were able to usher in a renewed vigor amongst Industry and serivce sector, and agriculture industry got shifted back burner. Nevertheless India still continues to be a net exporter with the main exporting products being Basmati rice, buffalo meat, marine products, sugar, tea, cotton, jute etc.
Model Questions Category: 066 - Storage Transport and Marketing of Agricultural Produce Related Issues