×

UPSC Courses

DNA banner

DAILY NEWS ANALYSIS

  • 16 May, 2020

  • 5 Min Read

Monetary, regulatory support can help agri industry account for 20% of exports by 2025

Monetary, and regulatory support can help Agri industry account for 20% of exports by 2025

Introduction

  • The monetary and regulatory support announced for the agricultural industry by the Finance Ministry on Friday has the potential to help double the share of this sector in the country’s basket of exports to around 20 per cent by 2025, according to some experts.
  • The strengthening of post-production facilities like cold chains, storage infrastructure and farm-gate projects will not only address wastages but will also improve unit realisation of our agricultural products.
  • India’s exports dropped over 60 percent in April due to supply chain disruptions and low demand in the wake of the ongoing pandemic.

Advantages

  • The announcements have come at an opportune time, as the world is apprehensive of importing edible products from China.
  • The announcements have also addressed some “key bottlenecks” faced by exporters in the agricultural sector, according to FIEO. For instance, the removal of inter-state movement restrictions is a “big” relief as it will help in fulfilling export commitments and capitalise on export opportunities.
  • Another positive move is the amendments to the Essential Commodities Act, which imposed stock limits on products like edible oils, oilseeds, pulses, onions, potatoes and cereals.
  • The amendments will help in “better” price realisation for farmers, but will also help them stock sufficient quantities for timely delivery.
  • In agricultural exports, we can easily achieve a Compound Annual Growth Rate of 30 per cent in the next five years. Right now agricultural products contributed only around 10 per cent of India’s total export basket.

Source: IE


India–Azerbaijan

A year after tensions arising from Operation Sindoor, India and Azerbaijan have taken steps to restore and normalise bilateral relations. The 6th round of Foreign Office Consultations, held in Baku, marked the first such engagement since 2022, signaling renewed diplomatic momentum. Recent Diplomatic Engagement During the consultations, bo

India–Australia Economic Cooperation and Trade Agreem

The India–Australia Economic Cooperation and Trade Agreement has completed four years since its signing. Both countries now aim to build on this progress through strengthened collaboration and ambitious targets, including reaching AUD 100 billion in bilateral trade by 2030. What is the India–Australia Economic Cooperation and Tra

ADR Report on Political Funding

A recent report by the Association for Democratic Reforms (ADR) analyses donations of ?20,000 or more declared to the Election Commission of India (ECI) by national political parties for FY 2024–25, highlighting transparency and accountability in political financing. Key Findings Massive Funding Surge Total donations to nationa

Maritime Chokepoints

Maritime chokepoints are narrow channels along global shipping routes where maritime traffic is concentrated. These points are geopolitically and economically critical, as they handle a large proportion of global trade, especially energy shipments. Current Relevance Over two-thirds of seaborne energy trade passes through a handful o

US-Israel-Iran War

Following the launch of Operation Epic Fury (U.S.) and Operation Roaring Lion (Israel), the geopolitical landscape has shifted fundamentally with the confirmed death of Iran’s Supreme Leader, Ayatollah Ali Khamenei.Iran retaliated through Operation True Promise 4, launching missile attacks against Israel and nearby Gulf states. The escala

DNA

05 Apr,2026

Toppers

Search By Date

Newsletter Subscription
SMS Alerts

Important Links

UPSC GS Mains Crash Course - RAW