India's agriculture exports increase 17.34% at $41.25 bn in 2020-21

Published 2021년 6월 10일

Tridge summary

India's agricultural exports experienced a significant growth of 17.34% in the 2020-21 fiscal year, reaching USD 41.25 billion, with the trend expected to continue into the next fiscal year. The largest markets for these exports include the US, China, Bangladesh, UAE, Vietnam, Saudi Arabia, Indonesia, Nepal, Iran, and Malaysia. The exports of just agricultural products increased by 28.36% compared to the previous year. The Department of Commerce is collaborating with the Department of Agriculture to gain market access for Indian products in various countries. However, the export of Basmati rice to the European Union has been affected by pesticide residue issues.

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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. 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 for the past three years (USD 38.43 billion in 2017-18, USD 38.74 billion in 2018-19 and USD 35.16 billion 2019-20), the exports of agriculture and ...

Source: Business Standard