Wheat and Rice Competitiveness of Indian Agriculture

Abstract

The objective of the present study is to analyze the wheat and rice competitiveness of Indian agriculture under WTO regime. It has been observed in the study that calculated values of NPC and EPC were in tandem with the actual export performance of wheat and rice. NPC and EPC’s value higher than one indicated that domestic prices were higher than international market prices or world reference prices. It could have been because of government’s protection policies and restriction on trading of a particular commodity. If the protection of the particular commodity is higher and effective, prices are most likely to get stabilize and remain above than average prices. Among different crop groups rice and wheat have enjoyed most favourable price environment because of strong government support in raising their support prices.