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Sharp increase in agri exports in Q1

by BQ News Bureau
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Despite the corona pandemic, India’s export of agriculture commodities in March to June this year has increased sharply. Export during this period was Rs.25,552.7 crore against an export of Rs. 20,734.8 crore during the corresponding period in 2019, registering a sharp increase of 23.24 per cent.

The agricultural exports as a percentage of India’s agricultural GDP has increased from 9.4 per cent in 2017-18 to 9.9 per cent in 2018-19. While the agricultural imports as a percentage of India’s agricultural GDP has declined from 5.7 per cent to 4.9 per cent indicating exportable surplus and decreased dependence on import of agricultural products in India.

Share of India’s agricultural exports and imports in the world agriculture trade in 2017 was 2.27% and 1.90%, respectively, according to WTO report. Even during corona pandemic, India took care to not to disturb the world food supply chain and continued to export.

In 1950-51, India’s agri export was about Rs.149 crores which has risen to the level of Rs.2.53 lakh crores in 2019-20. Despite being one of the top producers of agricultural products, India does not figure among top exporters of agricultural produce.

India holds second rank in the world in wheat production but ranks 34th in export. Despite world No. 3 in production of vegetables, the export ranking of India is only 14th. Same is the case for fruits, where India is the second largest producer in the world but export ranking is 23rd. To reach the ranks of the top exporting nation in Agriculture, commensurate with the production, there is a clear and categorical need to take proactive interventions.

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