India is the world's agricultural powerhouse not just in terms of diversity of crops but also in terms of the sheer quantities of production. The proposal of the new laws is a part of a series of reforms and policy interventions that seek to further globalise India's agriculture sector. Alongside lucrative opportunities for farmers and investors, the future will also bring food security to the world by channelling the excess of Indian agriculture to the world market.
Present Situation:
There has been a substantial and laudable increase in export of almost all the agricultural items in the last 15 years, but despite being one of the top producers of agricultural products, India does not feature among the top exporters of agricultural produce. India holds the second rank in the world wheat production but ranks 34th in its export. Similarly, despite being world number 3 in the production of vegetables, the export ranking of India is the only 14th. The same is the case for fruits, where India is the second-largest producer in the world, but its export ranking is 23rd. |
Concerns:
Policy Reforms and Interventions:
Conclusion:
With its vast resources, both natural and manmade, India can lead the global war against food insecurity. Alongside lucrative opportunities for farmers and investors, the future will also bring food security to the world by channelling the excess of Indian agriculture to the world market.The agriculture powerhouse of the world is set to undergo a complete metamorphosis through expert-created, targeted policies.
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