India’s agricultural exports up 17.34 pc at $41.25 bn in 2020-21

Published 2021년 6월 10일

Tridge summary

India's agricultural exports experienced a 17.34% increase in the 2020-21 fiscal year, reaching USD 41.25 billion, with the growth trend expected to continue into the next fiscal year. The growth was primarily driven by the export of cereals, non-basmati rice, wheat, millets, maize, and other coarse grains. The US, China, Bangladesh, UAE, Vietnam, Saudi Arabia, Indonesia, Nepal, Iran, and Malaysia were the largest markets for these products. The Department of Commerce has identified 46 unique product-district clusters for export promotion and has formed 29 cluster level committees to facilitate market access for Indian products. However, the export of Basmati rice to the European Union has been affected by stringent pesticide residue norms.

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Original content

India’s export of agricultural and allied products in 2020-21 grew by 17.34 per cent to USD 41.25 billion, and this growth momentum is expected to be sustained in the current fiscal as well, a top government official said on Thursday.Commerce Secretary Anup Wadhawan said huge growth has been seen in the export of cereals, non-basmati rice, wheat, millets, maize and other coarse grains.The largest markets for India’s agricultural products are the US, China, Bangladesh, UAE, Vietnam, Saudi Arabia, Indonesia, Nepal, Iran and Malaysia.He also informed that exports have taken place from several clusters for the first time, for instance, the export of fresh vegetables and mangoes from Varanasi, and black Rice from Chandauli. Exports of only agricultural products (excluding marine and plantation products) increased by 28.36 per cent to USD 29.81 billion in 2020-21 as compared to USD 23.23 billion in 2019-20.“Agriculture Exports have performed well during 2020-21. After remaining stagnant ...

Source: Financialexpress