Prevailing Status of Agricultural Trade between India and European Union

Authors

  • Sharath Yeligar PhD Scholar,ICAR-Indian Agricultural Research Institute, New Delhi, India
  • Shiv Kumar Principal Scientist,ICAR-National Institute of Agricultural Economics and Policy Research, New Delhi, India
  • P. Venkatesh Senior Scientist,ICAR-Indian Agricultural Research Institute, New Delhi, India
  • I. Kingsly Scientist, ICAR-National Institute of Agricultural Economics and Policy Research, New Delhi, India
  • Manjeet Singh Nain Principal Scientist, ICAR-Indian Agricultural Research Institute, New Delhi, India
  • R. K. Paul Senior Scientist, ICAR-Indian Agricultural Statistics Research Institute, New Delhi, India
  • U. Madhurima Ph.D. Scholar, Tamil Nadu Agricultural University, Coimbatore, Tamil Nadu, India

DOI:

https://doi.org/10.48165/IJEE.2023.59103

Keywords:

EU, Agricultural trade, CAGR, CDVI, FTA, International trade

Abstract

This study analysed the current scenario of India-EU trade, composition of trade, growth and instability of agricultural commodities during the period 1997-98 to 2021-22. India’s agricultural export to the EU was US $ 4.7 billion and imported US $ 1.3 billion from the EU in 2021-22. Netherlands, Italy and Germany were three most important EU members for Indian agricultural trade. India mainly exported fishes and marine products, coffee, tea, meat, spices and cotton to the EU. Vegetable oil, raw hides, skin and leather and animal fodder were imported by India from the EU. Compound Annual Growth Rate (CAGR) and Cuddy-Della Valle Index (CDVI) for instability indicated that the total trade between India and the EU have increased consistently with annual growth rate of 6.59 per cent and instability value of 13.97. This provides impetus to policymakers to establish close trade links with counterparts of EU.

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Published

2022-12-23

Issue

Vol. 59 No. 1 (2023): Indian Journal of Extension Education, (Jan-Mar), 2023

Section

Articles

License

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This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

How to Cite

Yeligar, S., Kumar, S., Venkatesh, P., Kingsly, I., Nain, M.S., Paul, R.K., & Madhurima, U. (Trans.). (2022). Prevailing Status of Agricultural Trade between India and European Union. Indian Journal of Extension Education, 59(1), 13–18. https://doi.org/10.48165/IJEE.2023.59103
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