Question

What is India's agricultural balance of trade?

Answer 1

It is the relationship between a nation's imports and exports. A favorable balance of trade is known as a trade surplus and consists of exporting more than is imported; an unfavorable balance of trade is known as a trade deficit or, informally, a trade gap.

Answer 2

At present India is required to quadruple its exports in the sector of agriculture and allied exports by 2022. The estimated balance trade is $13 billion annually.

Explanation:

• There is an increasing need for long term agricultural policies. India being 3rd in egg production, 2nd in fruit production and 1st in the production of milk.
• All of this happens due to the commitment of farmers to indulge in intensive multi-cropping and making use of family labour to get the job done.
• They are efficient in their job but this will only continue some long term policy is introduced by the government in favor of these farmers.

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