POST Online Media Lite Edition


India's agri exports likely to cross $50 billion

Christian Fernsby |
India’s exports of agricultural products, including marine and plantation goods, increased 23.21 per cent to $31.05 billion in April-November 2021 and is expected to cross $50 billion for the "first time" this fiscal, the commerce ministry said on Thursday.

Article continues below

Topics: INDIA   

The ministry has taken several steps during the ongoing COVID-19 pandemic to push the exports.

These measures include an extension of validity of various certifications/ accreditations beyond their dates of expiry; setting up of control rooms to resolve problems; issuance of online certificates for exports; and facilitating opening up of more testing laboratories.

Due to these initiatives, it said, India was able to meet the global demand, which has provided momentum to agriculture exports. "With the present level of growth, India’s agriculture exports are likely to cross USD 50 billion for the first time, which is the highest ever in history," it said.

The ministry said that rice exports are likely to touch 21-22 million tonnes this year. Exports of non-basmati rice, wheat, sugar, and other cereals too have recorded healthy growth so far.

What to read next

U.S. February red meat exports below last year
EU continues to top global agri-food trade
2020 exports of agri food products set best result in history of Polish international trade