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Modi Govt Pushes Reforms to Increase Agri Exports to $60 bn
July 31, 2018
In a bid to increase agriculture exports to as much as 60 billion USD by 2022, the agriculture ministry has proposed several measures including empowering of the domestic regulatory authority, capitalizing on e-commerce, review of Essential Commodity Act and setting up a system for market demand prediction.
The proposed ideas have been released under a draft agriculture policy and the ministry seeks the opinions of industry stakeholders and ministerial departments on the same.
India’s export of agricultural commodities to other countries currently stands at $38 billion. The government seeks to increase it to $60 billion by 2022.
Photo credit: Sarath.kuchi on Visual hunt / CC BY-SA
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