Problems & Prospects of Rice (Basmati and Non-Basmati) Production and Exports in India

Abstract

India is popular for its rice cultivation all over the world. As per the statistical analysis, rice production in India covers around 46 per cent of the total food crop production. It is also seen that other countries also have demand the rice from India. Hence, starting a rice export business would be a profitable and feasible business option. India is one of the important countries in the world in export of rice. India's exports are expected to go up further during current financial year. Hence, Indian rice exports are set to reach second place in the world markets after Thailand edging out Vietnam in the process as per the report of the Food and Agricultural Organisation. Rice has been a major element in the exports from India all these years. In the year 1999, around 25 per cent of the total agricultural exports in India were rice. Countries like Myanmar, China, Japan, Vietnam etc also are some of the rice production giants. However, the ever-growing demand for the rice across the globe gives a good scope for the rice export business from India. The main object of the study is to examine the growth performance and trade patterns of Indian products during 1990-1991 to 2015-2016. The article mainly analysed about agricultural trend of rice exports in India. Rice exports have played an increasingly important role in India’s economic growth in the last twenty five years. It concludes with key policy changes which could have a bearing on the current trends seen in these sectors.