EXPORT PERFORMANCE OF AGRO BASED INDUSTRIES IN PUNJAB: A SPECIAL REFERENCE TO RICE INDUSTRY

Abstract

International trade is the exchange of goods and services between countries. (Dewett, 2008) This type of trade gives rise to a world economy, in which prices, or supply and demand affect and are affected by global events. Trading globally gives consumers and countries the opportunity to be exposed to goods and services not available in their own countries. Almost every kind of product can be found on the international market: food, clothes, spare parts, oil, jewelry, wine, stocks, currencies and water. Services are also traded: tourism, banking, consulting and transportation. Export performance of rice has been impressive in terms of compound growth rate of rice exports during twenties as compared to nineties. Exports have increased at higher rate in twenties as compared to nineties.