India’s agri exports grows to Rs. 2.52 lakh crore in 2020-21, imports were at Rs. 1.47 lakh crore

Published Apr 21, 2021

Tridge summary

Despite the COVID-19 pandemic, India managed to maintain a trade surplus in agricultural products, with exports reaching Rs. 2.74 lakh crore from April 2020 to February 2021, an 18.49% increase from the previous year. The exports of several commodities, including wheat, other cereals, rice (non-Basmati), soya meal, spices, sugar, raw cotton, fresh and processed vegetables, and alcoholic beverages, saw significant growth. Wheat exports alone experienced a 727% increase, and non-Basmati rice exports surged by 132% as India tapped into new markets. Additionally, imports of agricultural and allied commodities slightly increased by 2.93% during the same period, leading to a favorable balance of trade in agriculture.

Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

India has consistently maintained trade surplus in the agricultural products over the years. India’s agricultural and allied exports during 2019-20 were Rs. 2.52 lakh crore and imports were Rs. 1.47 lakh crore. Even, during the difficult times of COVID-19 pandemic, India took care not to disturb the world food supply chain and continued to export. The export of agricultural and allied commodities during Apr, 2020 – Feb, 2021 were Rs. 2.74 lakh crore as compared to Rs. 2.31 crore in the same period last year indicating an increase of 18.49 percent. The commodities which posted significant positive growth in exports were wheat, other cereals, rice (other than Basmati), soya meal, spices, sugar, raw cotton, fresh vegetable, processed vegetables and alcoholic beverages. Wheat and other cereals posted huge growth over last year, i.e., increasing from Rs. 425 crore to Rs. 3,283 crore and Rs. 1,318 crore to Rs. 4,542 crore, respectively. On specific demand from countries, National ...

Source: Agriculture Post