Performance and prospects of agricultural commodities in India: An economic analysis Dev Kapil1,*, Raj Dev2, Sharma Ravinder3, Guleria Amit4 1State Project Officer-Livelihood, Rural Development Department, Shimla-171009 (Himachal Pradesh) 2Assistant Professor, Department of Agriculture, Chandigarh University, Mohali-140413 (Punjab) 3Professor, Dr. Y.S. Parmar University of Horticulture and Forestry, Nauni, Solan-173230 (Himachal Pradesh) 4Economist (QM), Department of Economics and Sociology, PAU, Ludhiana-141 004 (Punjab) *Corresponding author's email: sharmakapil2222@gmail.com
Online published on 3 February, 2023. Abstract Agricultural exports from India have changed dramatically in recent years. Against this backdrop, the current study looked at the trend in agricultural commodity exports from India from 2000-01 to 2017-18. There was a significant growth rate in agricultural export in the last eighteen years, with wide variations between several commodity groups. The growth in the case of cotton (raw and yarn), other cereals, meat, groundnut, sugar and molasses, spices, and rice was 33.80, 21.97, 21.43, 20.32, 18.31, 16.92, and 16.45 per cent. The growth rate was low in wheat, tea, cashew, and floriculture products. The study revealed a significant increase in the share of export of rice (10.27 to 22.26 per cent), meat (5.13 to 11.90 per cent), spices (5.65 to 8.89 per cent), sugar (1.76 to 2.36 per cent) and cotton (0.77 to 4.85 per cent). The share declined in some commodities like marine products, coffee, tea, cashew, and fruits. The Revealed Comparative Advantage (RCA) was improved in the case of cotton, grapes, groundnuts, maize, potato, pineapples and rice but declined in the case of apple, coffee, cashew nuts, ginger, mangoes, oilseeds, onion, peas, tea and wheat. Price volatility discouraged farmers from investing in agriculture, compromising long-term sustainability. Top Keywords Comparative advantage, Growth, Instability, Trend. Top |