The Pulses Conclave 2020 to be held in Lonavala, Maharashtra

The fifth Pulses Conclave 2020 is to be held in Lonavala, Maharashtra between February 12, 2020 and February 14, 2020. It is a biennial conference.

Highlights

The India Pulses and Grain Association will host the Conclave. Around 1500 stakeholders from India and other countries are expected to participate in the conference. It includes Australia, USA, Myanmar, Canada, Uganda, Ethiopia, Tanzania, Malawi, Mozambique, etc. The conference aims at increasing exports, processing efficiencies, protein extraction, value addition and post-harvest management.

Significance

The production of pulses of pulses has been steadily growing. In 2013-14, production of pulses was around 19 million tonnes and it increased to 26.30 million tonnes in 2018-19. According to APEDA (Agricultural and Processed Food Products Export Development Authority), in 2018-19, India exported pulses for 242.6 million USD.

With India moving towards nutritious food production from self-sufficient food production, area under pulses production has been increased. Today, around 20% of area of agriculture contributes to pulses. MP, Maharashtra, Rajasthan, UP and Karnataka are the leading pulses producing states in India.

The conference will help in achieving India’s goal of doubling farmer income by 2022.

Pulses in India

India is the largest producer of pulses in the world. It accounts to around 25% of global production. Also, India is the largest consumer of pulses. It consumes 27% of world pulses. And India is also the largest importer of pulses. India imports 14% of pulses in the world.

Pulses are significant in the country as they contribute to good consumer health as they are rich in proteins.

Also, pulses increase soil health and hence are used as annual leguminous crops.

World Bank’s Global Economic Prospect: World Economic Growth projected at 2.5%

On January 9, 2020, the World Bank released its Global Economic Prospect. According to its forecast, the world is expected to grow economically at the rate of 2.5%. This is the lowest prediction since that predicted in 2008-09, 3.1%. By then, the global financial crisis derailed the economy.

Highlights

The report says that investment and trade in the country is expected to recover. However, the downward risks from 2019 are to continue. It also said that the advanced economies are to slip their growth by 1.4% as the manufacturing sector continues to soften.

The emerging markets in the developing economies are to witness acceleration in their growth according to the report. However, this is not applicable to all. A third of developing countries are expected to decelerate this year. Predominantly the growing economies are located in South and South East Asia.

South Asia

Growth in South Asia is expected to rise by 5.5% in 2020. The report predicts India’s growth rate at 5%. It is expected that the credit from non-banking companies to expected to weaken. The report also says that India will see a growth rate of 5.5% in the subsequent year.

The United States is expected to grow at 1.8% and European Union is projected to slip its growth by 1% in 2020.