Agricultural exports are rising in India: Economic Survey

Published 2021년 1월 30일

Tridge summary

The Economic Survey for 2020-2021 reports a surge in India's agricultural exports, reaching Rs 2.52 lakh crores in the 2019-2020 financial year, while imports were Rs 1.47 lakh crores. The country has been a net exporter of agricultural goods since economic reforms began in 1991. The main exports included marine goods, basmati rice, buffalo meat, spices, non-basmati rice, raw cotton, oil meals, sugar, castor oil, and tea. The share of marine products in the total export value remained the highest, followed by rice, spices, and sugar. However, the export value of buffalo meat and raw cotton saw a decline. The top agricultural export destinations were the USA, Iran, Nepal, Saudi Arabia, and Bangladesh.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

India's marine, cotton farming, sugar and spice exports of agricultural products have seen a growing pattern in 2019-2020, the Economic Survey said. It reported that, since economic reforms started in 1991, India has been a net exporter of agri-based goods. In the financial year 2019-20, agri-exports hit Rs 2.52 lakh crores and imports at Rs 1.47 lakh crores,' the survey said. India has a leading role in the worldwide trade in farm goods. Its overall agricultural export destinations, however, were the USA, Iran, Nepal, Saudi Arabia and Bangladesh. Marine goods, basmati rice, buffalo meat, spices, non-basmati rice, raw cotton, oil meals, sugar, castor oil, and tea were among the main agricultural commodities exported from India. According to the report, an analysis of the share of the top ten agricultural commodities in the total value of agricultural exports over the last six years reveals that the share of marine products in the total value of agricultural exports remained the ...

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