India, the world's second most populous country, has been one of the world's fastest growing economies since the early 1990s. Faster growth is strengthening and diversifying food demand, with India now a leading importer of vegetable oils and pulses. India's agricultural sector is large and diverse, accounting for about 16 percent of GDP and 10 percent of export earnings. The growth of India's foreign trade since the reforms of 1991-93 has contributed to strengthening of its balance of payments and foreign exchange reserves.
ERS research focuses on the trade implications of changes in consumer demand, market structure, domestic and trade policy that are likely to occur as the Indian economy continues its rapid expansion. ERS also provides links to current and historical USDA data on production, supply, distribution, and trade.