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In India, Foreign Exchange Outgo from Agricultural Imports is showing a trend in absolute terms.
  • a)
    Increasing
  • b)
    Decreasing
  • c)
    Constant
  • d)
    Nothing can be said
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
In India, Foreign Exchange Outgo from Agricultural Imports is showing ...
In India, the absolute number of people employed in agriculture has increased from the period of independence as the population of India has increased at a high rate. But the percentage of the population employed in the agricultural sector has decreased.
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Most Upvoted Answer
In India, Foreign Exchange Outgo from Agricultural Imports is showing ...
Decreasing trend in Foreign Exchange Outgo from Agricultural Imports
Increasing trend in absolute terms means that the amount of foreign exchange being spent on agricultural imports is rising over time, while a decreasing trend implies the opposite - that the amount spent is decreasing.

Reasons for the Decreasing Trend
- **Increased focus on self-sufficiency**: The Indian government has been promoting self-sufficiency in agriculture through various schemes and policies. This has led to a decrease in the dependence on imported agricultural products, thereby reducing the foreign exchange outgo.
- **Promotion of domestic production**: Measures such as increasing minimum support prices, providing subsidies, and improving infrastructure have encouraged domestic agricultural production. This has resulted in a reduced need to import agricultural products from other countries.
- **Diversification of crops**: The focus on diversification of crops has helped in boosting domestic production of various agricultural products. This has reduced the need to import certain crops, further contributing to the decreasing trend in foreign exchange outgo.
- **Increase in exports**: With the implementation of policies to promote agricultural exports, there has been a rise in the export of agricultural products. This increase in exports has helped in offsetting the need for imports, thereby reducing the foreign exchange outgo.

Conclusion
In conclusion, the decreasing trend in foreign exchange outgo from agricultural imports in India can be attributed to the government's focus on self-sufficiency, promotion of domestic production, diversification of crops, and increase in exports. This trend indicates a positive development towards reducing the country's dependence on imported agricultural products and strengthening the agricultural sector domestically.
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In India, Foreign Exchange Outgo from Agricultural Imports is showing a trend in absolute terms.a)Increasingb)Decreasingc)Constantd)Nothing can be saidCorrect answer is option 'B'. Can you explain this answer?
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