India is a major producer and consumer of pulses in the world. In the last two decades, India’s pulse economy has undergone major policy and institutional reforms. These changes are likely to influence India’s trade in pulses and consequently world pulse trade. This article examines the impact of these reforms on trade, prices and production in India. The article discusses the factors that instigated these policy reforms and the consequences. The results indicate that a number of key economic, political and technological factors are reshaping pulse trade in India. The policy implications of the findings are explored.