India's agricultural exports in the global market: Trends, challenges, and future directions
Dr. Peethala Jayanand Kumar
India's agricultural exports have emerged as a significant contributor to the national economy, playing a crucial role in international trade. This review examines the trends, challenges, and future directions of India's agricultural exports from 2010 to 2024. The analysis reveals a consistent growth trajectory driven by the diversification of export commodities, including the increasing importance of organic products, fruits, and vegetables. However, this growth has not been without challenges. Infrastructural bottlenecks, such as inadequate cold storage facilities and inefficient logistics, have hindered the full realization of export potential. Additionally, market access barriers, including stringent sanitary and phytosanitary standards, continue to pose significant challenges for Indian exporters.
The review also highlights the impact of environmental and climate-related factors on agricultural productivity and export capacity. Climate change, with its associated extreme weather events, has emerged as a critical threat to the sustainability of India's agricultural exports. In response to these challenges, the review suggests that future directions should focus on comprehensive policy reforms, technological advancements, and the adoption of sustainable agricultural practices. These measures are essential to enhance the global competitiveness of India's agricultural sector and ensure its long-term viability in the international market. By addressing the identified challenges through strategic interventions, India can solidify its position as a leading exporter of agricultural products, meeting the evolving demands of the global market while ensuring sustainable growth. This review provides valuable insights for policymakers, industry stakeholders, and researchers aiming to strengthen India's agricultural export sector.
Dr. Peethala Jayanand Kumar. India's agricultural exports in the global market: Trends, challenges, and future directions. Int J Res Finance Manage 2024;7(2):174-179. DOI: 10.33545/26175754.2024.v7.i2b.361