India's agriculture exports (excluding tea, coffee, marine products and raw cotton) during 1994-95 was Rs 70,490 million. Important items of agricultural export are rice, cashewnuts, coffee, tea, horticulture and floriculture products etc.
India's share in world agricultural commodities trade is less than 1%. For over four decades, industry received protection and agriculture has served as a source of cheap raw materials for the domestic industry. This reduced agricultural exports and investment in agriculture.
The New Economic Policy since July 1991, has attempted to correct this imbalance and agriculture has now begun to see some gains through competitive exports. Only two items remain in the negative list in the category of agricultural and food exports - beef and tallow.
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