Proceedings of the 45th International Academic Conference, London

AN EVALUATION OF AGRICULTURAL TRADE IN INDIA: A SPECIAL STUDY OF SELECTED AGRICULTURAL COMMODITIES

VILAS GAIKAR

Abstract:

India since ages has been known to be an agrarian country. Indian agriculture and allied activities consist of 54.6% of the population (census 2011) and contributes 17.4% to the country’s Gross Value Added for the year 2016-17 (Current prices). India’s agricultural export amounts to $33.87 billion as of 2017, and it is 10.5% of total exports of the country. The paper is classified in the various parts like introduction, objectives, review of literature, research methodology, growth rates in agricultural commodity trade, India’s agriculture trade, foreign trade policy by the government on agriculture, conclusion and suggestions. The growth in trade for agricultural commodity of India was analyzed by employing an exponential model of the form Yt = abteu. In the present research paper agricultural trade, the data has been collected from the secondary sources from the economic survey, annual reports from the agricultural ministry and so on at the same time has been analyzed and evaluated by using Carl Pearson’s co relation co efficient test. After the systematic analysis of the data there has been suggestions made by the researcher to improve agricultural trade to strengthen Indian economy

Keywords: Agricultural trade, Indian Economy, Export and import, exponential model, trade policy

DOI: 10.20472/IAC.2019.045.015

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