India- EU FTA talks Can be a Game Changer for Indian Agriculture Sector

India has concluded talks with America and EU for free trade agreement (FTA). Experts among others are curious of this bilateral talk and its effect on Indian Agriculture Sector as agriculture always remains a sticking point in EU-India talks.

Experts believe that FTA can help India in increasing agricultural exports. It will further boost Indian farmers and will provide them with an opportunity to sell their produce in new markets. Amidst a wide tension related to increasing imports, it is expected that this step can boost exports in India. Reports suggest that India's agricultural exports are expected to grow 6.4% to $51.9 billion in 2024-25, from $48.8 billion in the previous fiscal year. Whereas agricultural imports rose 17.2%, from $32.9 billion to $38.5 billion. This increase was higher than the growth of total merchandise imports, which rose 6.2% to $720.2 billion.

Indian agriculture sector saw a decline in agricultural exports between 2013-14 and 2019-20 but improved in 2022-23. 2013-14 to 2024-25 saw an increase in agricultural export that was noted up to 20%. All eyes are now on Indian government and their impactful decisions on increasing agricultural export.