Agri Exports from India Increase by 23.24% to Over Rs 25,500 Crore in March-June

Home >> Agri Exports from India Rise 23.24% to Rs 25,500 Cr in March-June
23 AUGUST 2024

India's Agri Exports Surge 23.24% to Rs 25,500 Crore

Agri Exports from India Increase by 23.24% to Over Rs 25,500 Crore in March-June

India, usually regarded as one of the agricultural powerhouses in the world, has shown incredible resilience and expansion in its agricultural exports even in front of global COVID-19 problems. Rising by an amazing 23.24%, India's agricultural exports valued Rs 25,552.7 crore between March and June 2020. This noteworthy success not only emphasises the strength of India's agricultural sector but also underlines the government's strategic objectives meant to increase farm exports, therefore supporting the larger vision of "Aatmanirbhar Bharat," a self-reliant India.

Delhi, New: India's agricultural exports have shown amazing resilience and increase in the face of a world epidemic. Based on a Tuesday announcement issued by the Agriculture Ministry, India's farm exports jumped by 23.24% in value between March and June 2020, landing a remarkable Rs 25,552.7 million. This expansion is evidence of the strong agricultural industry of the nation as well as of the government's aggressive policies encouraging farm exports.

Further the more general goal of "Aatmanirbhar Bharat," or self-reliant India, where self-sufficient agriculture is quite important, the Agriculture Ministry underlined the crucial relevance of increasing farm exports. Under a "comprehensive action plan," the ministry has launched Export Promotion Forums (EPFs) and strengthened current agricultural clusters to support agricultural exports. Moreover, several worldwide locations have been noted to support agricultural product exports.

India's Commitment to Global Food Supply Chains

India made sure the world's food supply chain was unbroken even throughout the difficult COVID-19 epidemic, therefore sustaining its agricultural exports despite general lockdowns. Compared to Rs 20,734.8 crore in the same period the previous year, the remarkable 23.24% increase in agri-commodities exports, totalling to Rs 25,552.7 crore, highlights India's will to keep its place in the world food scene.

Bridging the Gap: From Production to Export Powerhouse

To position India as a top agricultural exporter, commensurate with its production capacity, the Agriculture Ministry has identified the necessity of "clear and proactive interventions." India ranks at 34th in wheat exports, albeit being the second-largest wheat-growing nation in the world. India is similarly positioned 14th and 23rd in vegetable and fruit exports, respectively, albeit ranking third in vegetable output and second in fruit production.

The ministry has created a thorough action plan for agri-trade promotion to help to close this gap. Established within the Agricultural and Processed Food Products Export Development Authority (APEDA) are eight product-specific Export Promotion Forums (EPFs). Emphasising grapes, mangoes, bananas, onions, rice, nutri-cereals, pomegranates, and floriculture, these forums seek to raise India's agricultural exports to unprecedented levels. With APEDA's chief serving as the chairman, the EPFs will comprise exporters and officials from pertinent central and state governments. Every two months, these forums will gather to offer recommendations to the product committee of APEDA.

Strengthening Agri-Clusters and Promoting Export Markets

Apart from building EPFs, the government also concentrates on enhancing current agri-clusters and developing new clusters tailored for products. This strategy is meant to close the difference in supply bulk quantity and quality, therefore guaranteeing that Indian agricultural goods satisfy international standards.

With an eye towards edible oils, cashews, fruits, and spices especially, a time-bound action plan has also been established to achieve import substitution, hence bringing India closer to self-reliance in these areas. Fresh fruits and vegetables, especially grapes, mangoes, pomegranates, onions, potatoes, and cucumbers—gherkins—have a particular emphasis in the export promotion plan. Additionally targeted by the approach are fast-evolving niche industries such as nutraceuticals, health-conscious meals, and wellness foods. Furthermore, the creation of "Brand India" seeks to enter fresh overseas markets and present innovative products, thereby increasing the value realisation.

Gulf Countries: A Key Focus for India's Agri-Exports

Key focal locations to boost India's market share in agricultural exports have been found to be the Gulf nations. India has great potential for expansion even though it now meets just 10-12% of the Gulf's total agricultural imports. The ministry has created a product-market matrix identifying "products of strength" that can be extended into other geographies and lists of known markets for more recent items.

Holistic Strategy for Agri-Export Promotion

The department of agriculture has carefully examined particular commodities and product groupings in order to create a whole plan for boosting agricultural exports. Based on interactions with stakeholders, this study evaluated the present situation of production and exports, noted areas of strength and weakness, and suggested required improvements.

Conclusion

India's perseverance and the success of government policies meant to support the industry are highlighted by its amazing increase in agricultural exports during a difficult worldwide period. India is positioned to become a top global exporter in agriculture by means of the all-encompassing action plan, which comprises the creation of export promotion forums, enhancement of agri-clusters, and focused tactics for important markets. These initiatives not only help the country's external trade balance but also fit its goal of being self-dependent. India is well on its way to realising its full potential as an agricultural export powerhouse as it keeps executing these strategic actions, hence advancing the aim of an “Aatmanirbhar Bharat.”.

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