India's agriculture exports jump 17.34% to $41.25 billion in FY21

Growth in agricultural exports, despite pandemic disruptions, has been driven by the government’s policy-level interventions as well as the expansion of products into new markets. After remaining stagnant for the last three years, the export of agriculture and allied products during 2020-21 grew 17.34 per cent to $41.25 billion. In 2017-18 and 2018-19, they hovered around $38 billion, thereafter declining to $35.16 billion in 2019-20. In the first two months of the current fiscal year, there was a 43 per cent jump.

Growth was due to the opportunities that Covid-19 offered. It was also due to various programs emanating from agriculture policy that came into effect in December 2018. It was implemented in districts and clusters. Many clusters and districts those were not exporting earlier have started doing it now.

India is seeing growth 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, the UAE, Vietnam, Saudi Arabia, Indonesia, Nepal, Iran, and Malaysia.

Source: Business Standard