Wto and Agriculture

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INTERNATIONAL JOURNAL OF CURRENT RESEARCH
International Journal of Current Research
Vol. 3, Issue, 10, pp.066-070, September, 2011

ISSN: 0975-833X

RESEARCH ARTICLE
IMPACT OF W.T.O ON INDIAN AGRICULTURE: PERFORMANCE AND PROSPECTS *Sheshagiri, B., **Honkan, G. G. and ***Dr. L. D. Vaikunthe Doctoral Fellow, Department of Economics, Karnatak University, Dharwad – 03. Fellow, Department of Economics, Karnatak University, Dharwad – 03. *** Professor & Chairman, Department of Economics, Karnatak University, Dharwad – 03 . **Post-Doctoral * ICSSR

ARTICLE INFO
Article History:
Received 4th June, 2011 Received in revised form 19th July, 2011 Accepted 29th August, 2011 Published online 17th September, 2011

ABSTRACT
Indian is no exception to these general trends, with a few special features. During last two decades India’s agricultural exports as a part of total merchandise exports have continued to decline from the preponderant position they occupied in the pre-independence. But with the achievement of self-sufficiency in food grains and some other major agricultural commodities, which used to account for large portion of import bill, overall imports of agricultural commodities have sharply declined. The outlay on agricultural imports as a proportion of earnings from agricultural exports has progressively declined, and all the balance has become progressively more favorable. Discussion on these issues has, naturally, to take into account the new trade regime as the stated objective of firstly to study the performance of India’s agricultural exports under WTO regime. secondly, to analyze the competitiveness of top agri-exports of India under WTO regime. Finally, to suggest policy measures in the identified India’s agricultural. In the first part of discuss briefly introduce, the developments in agricultural trade specially the agricultural exports at the world level in the recent years and discuss the performance of Indian agriculture in this respect finally shaped the shifts in this policy. Final part, I will try to spell out the ingredients of a strategy to augment agricultural exports in the changing, and more demanding, global economy. Copy Right, IJCR, 2011, Academic Journals. All rights reserved

Key words:
WTO, Agricultural, Export, CAGR, CV.

INTRODUCTION
Indian is no exception to these general trends, with a few special features. During last two decades India’s agricultural exports as a part of total merchandise exports have continued to decline from the preponderant position they occupied in the pre-independence. Their share in the merchandise exports of the country in recent years (1991-97) ranges between 15 to 18 per cent. But with the achievement of self-sufficiency in food grains and some other major agricultural commodities, which used to account for large portion of import bill, overall imports of agricultural commodities have sharply declined. The outlay on agricultural imports as a proportion of earnings from agricultural exports has progressively declined, and all the balance has become progressively more favorable. A stylized version of the changes in agricultural trade pattern during the course of economic development will suggest that with the growth of an economy development will suggest that with the growth of an economy not only the share of agriculture in GDP declines, share of agricultural exports to the total merchandise exports also decline. As the economy gets diversified the non-agricultural commodities acquire greater importance in the product mix, and also in exports. *Corresponding author: sheshu.eco@gmail.com

Part of the explanation for the relative also lies in the rising share of processed agricultural products. On the imports side, with larger share of purchased inputs such as fertilizers, pesticides, farm machinery etc. rises, However, as the import intensify of agricultural production is low imports. Most of the...
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