Growth of Agriculture Trade in the Indian Economy
- April 1, 2018
- Posted by: RSIS
- Category: Social Science
International Journal of Research and Innovation in Social Science (IJRISS) | Volume II, Issue III, March 2018 | ISSN 2454-6186
Growth of Agriculture Trade in the Indian Economy
M. Tamizharasan
Ph.D., Research Scholar, Department of Econometrics, School of Economics,
Madurai Kamaraj University, Madurai-625 021, Tamil Nadu, India
Abstract: India is the world largest producer of major agriculture products and it is based on agro-climatic conditions and rich in natural resources and it improves the living conditions of rural people. Indian agriculture products are strong position in the global market in recent times. This study explained why there is increase in agriculture imports and decline in agriculture exports in India. The objectives of the study is divided into three categories such as: the first objective is the growth of agriculture imports and exports, balance of trade, the second objective is the Share of agriculture imports and exports and trend analysis and the third objective is the share of agriculture GDP to total GDP and the relationship between agriculture imports and exports and total GDP. This study is based on the time series data from 1990-91 to 2014-15 of the value of crores in Rupees. The data were collected from Agricultural Statistics at A Glance 2016 and Hand Book of Statistics on The Indian Economy 2016-17. The study analysis of agriculture imports and exports are calculate based on annual growth rate, index numbers, percentage, compound growth rate and the simple linear regression model and semi-log linear regression models are used.
Key Words: Agriculture Imports, Exports, Balance of Trade, Agriculture GDP and GDP
I. INTRODUCTION
India is the world largest producer of major agriculture products and it is based on agro-climatic conditions and rich in natural resources and it improves the living conditions of rural people. In 1990s Globalization and Liberalization policy implies that increase in agriculture exports and improved access to domestic and international markets. This study explained why there is increase in agriculture imports and decline in agriculture exports in India. There is much reason for agriculture trade competitiveness such as low agriculture price, oversupply of agriculture commodities in the world, low investment of agriculture sector, and structure of global markets.
