RBI on February 16, 2023 has issued a Working Paper on Competitiveness and Determinants of Agricultural Exports.
The major findings of the paper are:
- India’s rice exports were most competitive during the study period, followed by groundnut, shrimp, gram, onion and bovine meat.
- Higher competitiveness, elevated global prices relative to domestic prices and a stable export policy contribute to improved agricultural export performance.
- India needs to expand its trading partners by shaping alliances through bilateral and free trade agreements. There is a need to increase the value addition and product differentiation through promotion of processed and organic commodity exports. In addition to forming agri-clusters through the scheme ‘One District One Product’, there is also a need to develop organic or pesticide-free clusters through farmer producer organizations to boost the export of organic products to high-income countries.
