Overview
- Following liberalizing economic reforms in the late 1980s and early 1990s, India is now one of the world's fastest growing economies, as well as the second most populous.
- Faster growth is strengthening and diversifying food demand, and India now a leading world importer of vegetable oils and pulses.
- Despite a rich and extensive agricultural resource base and rising producer subsidies, farm sector investment and growth have remained sluggish, creating pressure for reform of domestic agricultural policies.
- It has been difficult to achieve consensus on the reform agenda, but measures to increase market orientation, improve marketing efficiency, promote use of biotechnology, and strengthen incentives for private investment are moving forward.
ERS research focuses on understanding the trade implications of changes in consumer demand, market structure, and domestic and trade policy that are likely to occur as the Indian economy continues its rapid expansion. Get the Full BriefingSee the Contents box for each section  You Might Also Be Interested In
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