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PROJECT REPORT ONAGRICULTURE FOREIGN TRADE IN INDIA
SUBMITTED BY:-KRISHAN KUMARROLL NO-11
 
INTRODUCTION
Agriculture is the dominant sector of Indian economy, whichdetermines the growth and sustainability. About 65% of thepopulation still relies on agriculture for employment andlivelihood.Indian agriculture however, has milestones. The green revolutiontransformed India form a food deficient stage to a surplus foodmarket. In a span of 3 decades, India became a net exporter of food grains. Remarkable results were achieved in these fields of dairying and oil seeds through white and yellow revolutions. Thesector could not however maintain its growth momentum in thepost green revolution years, the strategic growth in agricultureand the accelerated growth in industry reversed the structure of national GDP in Indian economy.Despite these major structural transformations, the agriculturesector continues to accommodate the major share of theworkforce. The sector is prone to output fluctuations even afterestablishing better input facilities and technology like irrigation,High yielding seeds, changes in cropping pattern etc.India is yet to emerge as significant trade partner in the worldagriculture market. India holds around 1% of the global trade-inagricultural commodities. With the ongoing trade negotiationsunder the WTO, Indian Agriculture needs to reorient its outlookand enhance competitiveness to sustain growth from a demandside.With India being a major negotiator on world agriculture trade, itcan be expected that Indian agriculture trade will expand in theyears to come. This process started with the India signing theAgreement on Agriculture (AOA) during the Uruguay Round. Nowthat the fourth Ministerial of WTO at Doha has mandated furthernegotiations on agriculture trade to improve market access Indiacan look forward to a bright trade prospects in agriculture withproper policy support. The Indian Agriculture Industry is on the brink of a revolution thatwill modernize the entire food chain, as the total food production
 
in India is likely to double in the next ten years.As per recent studies the turnover of the total food market isapproximately Rs.250000 crores (US $ 69.4 billion) out of whichvalue-added food products comprise Rs.80000 crores (US $ 22.2billion). The Government of India has also approved proposals for joint ventures, foreign collaborations, industrial licenses and100% export oriented units envisaging an investment of Rs.19100crores (US $ 4.80 billion) out of which foreign investment is overRs. 9100 crores (US $ 18.2 Billion). The agricultural food industryalso assumes significance owing to India's sizable agrarianeconomy, which accounts for over 35% of GDP and employsaround 65 per cent of the population. Both in terms of foreigninvestment and number of joint- ventures / foreign collaborations,the consumer food segment has the top priority. The otherattractive features of the indian agro industry that have thecapacity to lure foreigners with promising benefits are the deepsea fishing, aqua culture, milk and milk products, meat andpoultry segments.Excellent export prospects, competitive pricing of agriculturalproducts and standards that are internationally comparable hascreated trade opportunities in the agro industry. This further hasenabled the Indian Agriculture Industry Portal to serve as a meansby which every exporter and importer of India and abroad, canfulfill their requirements and avail the benefits of agro related buysell trade leads and other business opportunities. This Indian agro industry revolution brings along the opportunitiesof profitable investment and agriculture-industry-india.comprovides you the B2B platform with agro relatedtrade leads,exporters & importers directoryetc. that help you make your wayto profit easy. To lead yourself to the destination of profit through the IndianAgriculture Industry, know maximum about theEXIM policy,programs & schemes,price policy,seed policyandstatisticsat the Indian agro portal and harvest benefits from India, world's
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