Determinants of India's processed food exports in post-reforms era

The paper has analysed the determinants of India’s processed food exports, for which there is a massive potential for further growth. Providing an overview of India’s processed food exports, it has examined its determinants to the global markets using principal component analysis. It has shown that the most important determinant of India’s processed food exports is the country’s resource endowment. The results for other factors such as inflation, real effective exchange rate, trade openness index, GDP, etc. have been found varied. The study has suggested the development of secondary agriculture, i.e., conversion of agricultural produce and residue into high-value products through processing.