International Research Journal of Engineering and Technology (IRJET)
e-ISSN: 2395-0056
Volume: 11 Issue: 04 | Apr 2024
p-ISSN: 2395-0072
www.irjet.net
A STUDY ON PROBLEMS FACED BY AGRI EXPORTERS IN SELECTED REGION OF COIMBATORE DISTRICT Dr. M. MANJULA1, R. JANAKI2 1Assistant Professor, Department of commerce with international business, Dr.N.G.P Arts & Science College,
Coimbatore.
2Student, M. Com (IB), Department of commerce with international business, Dr.N.G.P Arts & Science College,
Coimbatore. -------------------------------------------------------------------------***---------------------------------------------------------------------1.1. ABSTRACT India stands out as one of the world's swiftest growing economies, capturing global attention with its dynamism. It ranks as the seventh largest nation by geographical expanse. Presently, India holds the third spot among Asian economies, trailing only Japan and China. Despite its vast agricultural potential, India's agricultural exports on the global stage have remained relatively modest, owing partly to governmental trade policies. In recent times, there have been noteworthy shifts in the trade balances of various agricultural commodities. However, despite strides in economic growth, over 60 percent of India's populace continues to reside in rural areas, where agriculture serves as the primary livelihood. The Indian government is vigorously incentivizing and facilitating agricultural exports, particularly of fruits, flowers, and vegetables, through initiatives outlined in the schemes of Commodity Boards and Export Promotion Councils. These initiatives are poised to bolster the entire agricultural export sector. Under the auspices of the Department of Commerce, the Agricultural and Processed Food Products Export Development Authority (APEDA) is spearheading numerous schemes to provide financial support to eligible exporters. These encompass schemes dedicated to market expansion, infrastructure enhancement, quality improvement, research and development, and transportation assistance.
1.2.
INTRODUCTION
Economic development stands as a paramount objective for societies globally, with economic growth serving as a vital enabler. Within the spectrum of contributors to economic growth, exports emerge as a cornerstone. However, concerns surrounding trade persist, especially among nations reliant on exporting primary and industrial goods, where the terms of trade often disadvantage poorer nations. Pandit Jawaharlal Nehru's famous assertion, "export or perish," underscores the critical significance of exports in the context of a developing economy. A nation with ambitious development plans often requires substantial imports of capital goods, technology, raw materials, and other essentials to effectively execute these plans. Since imports are funded by exports, a nation's ability to import hinges directly on its export performance. Exportation is therefore indispensable for a nation, fostering a robust and resilient economy by maintaining favourable trade balances. In an increasingly globalized marketplace, the role of exports becomes even more pivotal. Virtually all nations recognize the imperative of developing their export capabilities, as exports provide access to foreign markets, enabling opportunities for economies of scale, growth, and the acquisition of foreign exchange. Agriculture has been the significant driving force of Indian economy. It gave around one-third of the Gross Domestic Product (GDP) and utilized 5 roughly two thirds of the population. The share of agriculture in the GDP has however declined in contrast with the growth of industrial and services sectors. However, agriculture still gives the greater part of wage good required by the non-agricultural sector and in addition various raw materials for industry. The direct share of agricultural and unified sectors in total exports is around 18 percent when compared with the indirect share of agricultural products in total exports such as cotton textiles, and jute goods is considered the percentage is substantially higher. Agriculture possesses a position of pride, being the largest Industry in the country. It gives the utilization and service goods but many exports additionally rely on upon it.
© 2024, IRJET
|
Impact Factor value: 8.226
|
ISO 9001:2008 Certified Journal
|
Page 322