Prime Minister Narendra Modi Ever since he assumed power, development of the agriculture sector has been on his priority list. During its tenure, the Modi government started many such schemes in the interest of farmers, which are currently benefiting the farmers on a large scale. In this context, the Agricultural and Processed Food Products Export Development Authority has released a data which shows a rise in agricultural exports. According to this data, an increase of US $ 26.7 billion has been recorded in agricultural exports in the financial year 2022-23. More than 200 countries took part in increasing this export figure. This represents a commendable compound annual growth rate (CAGR) of 12 percent.
Let us tell you that in 1987-88, agricultural exports were 0.6 US dollars. At the same time, India’s agricultural exports reached US $ 53.1 billion in the period 2022-23. APEDA’s significant contribution in this agricultural export of India was 51 percent. Out of 23 major commodities in APEDA’s export basket, 18 demonstrated positive growth in the period April-December, 2023.
Increase in export of fresh vegetables also
Particularly 13 of the 15 largest major commodities whose exports exceeded US$100 million last year. Apart from this, exports of processed vegetables increased by 24 percent during this period. After this, there was a substantial increase in the export of various processed items, Basmati rice and fresh vegetables as compared to the same period last year. India has significantly increased its export mainly of fresh fruits. Today it is providing its services to 111 countries as compared to 102 countries last year.
Tremendous demand for these food products
Celebrated the significant unprecedented growth and progress in the field of agricultural exports on the occasion of 38th Foundation Day of APEDA. Established in the year 1986 with the objective of promoting exports of agricultural products, APEDA has emerged as an important force in taking India’s agricultural exports to new heights. During April-November 2023, several major commodities witnessed substantial growth compared to the previous year, such as bananas by 63 per cent, pulses (dried and peeled) by 110 per cent, eggs by 160 per cent and saffron and Dussehra mangoes by 120 per cent and Rs. 140 percent.
Bumper demand for Basmati rice
During the period April to December 2023, the export value of Basmati rice witnessed a growth of 19 per cent to US$ 3.97 billion as compared to US$ 3.33 billion last year. With this, a significant growth of 11 per cent was observed in export volumes, which increased from 31.98 lakh MT to 35.43 lakh MT in the same time frame.
Input: IANS
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