What are the implications of the Union Budget 2025 goal to make India the food basket of the world
Discuss the potential economic impact of this initiative on agriculture and international trade.
- This initiative can lead to increased agricultural productivity and innovation in India, boosting food production to potentially cater to domestic demand as well as export markets.
- Improved infrastructure, technology, and investment in agriculture under this goal may lead to better crop yields and quality, enhancing the overall competitiveness of Indian agricultural products in the global market.
- Increased agricultural exports may contribute to foreign exchange earnings, improving India's economic growth and stability.
- However, challenges such as ensuring sustainable agricultural practices, meeting international quality standards, and managing market fluctuations need to be addressed to fully realize the economic benefits of this initiative.
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4 months ago