The government has urged the states to remove all controls on storage, marketing and movement of agricultural commodities.
The reason being the country is saddled with huge stocks, archaic laws must be done away with.
"The large foodstocks with us at present, I do not foresee any shortage in the near future. However, if emergency arises and there are droughts of immense proportion we now have the option to even import grains," according to Finance Minister Yashwant Sinha.
During a meeting of the Food Management and Agricultural Export Standing Committee, he said the concept of "self sufficiency in everything" is obsolete and under international laws, if required, countries can also import items which are in shortage.
India is in a comfortable position in agriculture production and two years of low growth in the sector virtually went unnoticed.
Such is the position that fall in production by 10-12 million tonnes did not make any difference to most and it is a watershed period in our agri-history that 7.4 million tonnes of grains have even been exported.
Various acts should be used only as reserve powers and states must free agri-trade from the shackles of controls to facilitate higher economic growth.