News

India: Agri exports up 19% in April-February of FY21

India
Published Apr 23, 2021

Tridge summary

Agriculture and allied products worth Rs 2.74 lakh crore were exported in the first 11 months of last fiscal against Rs 2.31 lakh crore in the year-ago period, up 18.6%, while imports marginally increased by 3% to Rs 1.41 lakh crore.

Original content

Despite the pandemic and the overall exports slump, India posted an impressive growth in exports of agriculture and allied products in FY21, with buoyant shipments of a host of commodities including non-basmati rice, wheat, soyameal, spices, sugar, cotton, fresh vegetables, processed vegetables and alcoholic beverages.As per the data for the April-February period of last fiscal, India’s foreign trade balance in agriculture increased by 41% on year to Rs 1,32,580 crore.India has consistently maintained trade surplus in the agricultural products over the years.The country’s agricultural and allied sectors’ exports were Rs 2.52 lakh crore and imports were Rs 1.47 lakh crore during FY20.“Even during the difficult time of pandemic, India took care not to disturb the world food supply chain and continued to export,” an agriculture ministry official said. The commodities which posted significant positive growth in exports include wheat, rice (non-basmati), soyameal, spices, sugar, ...
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