A cost perspective about India’s pulses imports
For the last three years, India has imported between 3.2 and 4 million tons of pulses a year. These imports supplement our own production of pulses, which alas and despite several ‘missions’ and ‘schemes’ we do not grow enough of.
Apart from why we should import pulses at all instead of growing all that we need, the matter of what we spend (that is, the foreign exchange with which importing agencies pay for the pulses) has I think not been placed in perspective, which is the aim of this short inquiry.
For this I have used the Department of Commerce ‘System on Foreign Trade Performance Analysis’ which provides the monthly imports and exports under major heads as compiled by the Directorate General of Commercial Intelligence and Statistics.
Of the 21 major heads, the import of pulses falls under the group ‘agriculture and allied products’. Considering the 24-month period of April 2013 to March 2015, the value of pulses imported has varied between 10% and 21% of the agriculture group imports.
However, the average monthly value of pulses imported over this period Rs 1,171 crore and this average lies between the monthly amount spent on ‘internal combustion engines and parts’ (Rs 1,130 crore) and ‘paper, paperboard and products’ (Rs 1,205 crore).
Hence our questions ought also to be: why is India spending Rs 720 crore a month to import fresh fruit, Rs 898 crore a month to import man-made yarn and made-ups, Rs 1,031 crore a month to import rubber other than footwear, Rs 720 crore a month to import fresh fruit, Rs 2,684 crore a month to import electronics instruments, Rs 2,745 crore a month to import electronics components, Rs 2,928 crore a month to import electric machinery and equipment, and Rs 4,539 crore a month to import vegetable oils?