-Down to Earth In 2019, India imported around 15 million tons of edible oils worth approximately Rs 7,300 crore Edible oils are indispensable in the Indian kitchen. But it might be surprising to many that India imports most of the oil it consumes, unlike most other agricultural products which are produced locally. Even after having a diverse agro-climatic conditions, abundant land and large sections of population depending on agriculture, why does India have...
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How India Was Stripped of Its Atmanirbharta in the Edible Oil Industry -BM Vyas and Manu Kaushik
-TheWire.in The rise and fall of the biggest importers of edible oil in the world. ‘Freedom is the greatest fruit of self-sufficiency’ – Epicurus The COVID-19 pandemic has been detrimental for globalisation and has led to a clamour for protectionism. India’s national strategy is also in line with this trend with calls for ‘Atmanirbharta’ and ‘vocal for local’ increasing. Traditionally, India was an exporter of edible oil before Independence, became self-sufficient post-Independence (till the early 1970s),...
More »Mandi arrivals: Seven key summer crops see big drop -Prabhudatta Mishra & Nanda Kasabe
-Financial Express Only three crops -- groundnut, jowar and moong -- have recorded higher arrivals on year (see chart). Even in the case of jowar and moong, arrivals fell in the largest-producing states of Maharashtra (-39%) and Rajasthan (-7%), respectively. Amid the row over the three new federal farm laws aimed at giving unfettered market access to farmers, the producers of various crops seem to have started to rely much less on...
More »Excess rain has damaged kharif crops: Skymet -TV Jayan
-The Hindu Business Line The maximum crop damage was reported from Western Madhya Pradesh, which received 61 per cent surplus rains. Excess monsoon rains and the floods caused by them affected crops in many States, including Madhya Pradesh, Maharashtra, Gujarat, Karnataka and Punjab, according to a kharif crop damage report released by private weather forecaster Skymet on Tuesday. While 40 to 50 per cent of soyabean crop has been hit in Madhya...
More »Agriculture share in India's 'Gross Value Added' fell to 17.9% in FY17 from 18.6% in FY14 -Kirtika Suneja
-The Economic Times The crops sub-sector accounted for nearly 62% of the agriculture and allied sector in 2011-12, which has gradually come down to about 58% in 2016-17. NEW DELHI: The share of agriculture, forestry and fishing declined to 17.9% in India’s gross value added (GVA) in 2016-17 from 18.6% in 2013-14, the ministry of statistics and programme implementation (MoSPI) said in a report. “The share of this sector in overall GVA...
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