Commodities exports grow by 23.24 per cent in 2020
- Indian Masterminds Bureau
- Published on 18 Aug 2020, 12:25 pm IST
- 2 minutes read
Highlights
Self-reliant agriculture is critical for the goal of an Atmanirbhar Bharat. For this, agricultural export is extremely important as besides earning precious foreign exchange for the country.
- The Union Minister for Agriculture & Farmers Welfare, Rural Development and Panchayati Raj, Shri Narendra Singh Tomar addressing at the inauguration of the Pusa Krishi Vigyan Mela-2020, in New Delhi on March 01, 2020.
Exports of agricultural commodities during March to June 2020 increased by 23.24% compared to corresponding period in 2019 bringing in much needed foreign currency.
Self-reliant agriculture is critical for the goal of an Atmanirbhar Bharat. For this, agricultural export is extremely important as besides earning precious foreign exchange for the country.
As per WTO’s Trade Statistics, share of India’s agricultural exports and imports in the world agriculture trade in 2017 was 2.27% and 1.90%, respectively. The exports of Agri commodities during March 2020 to June 2020 were Rs. 25552.7 Crore against an export of Rs. 20734.8 Crore during the same period in 2019, showing a sharp increase of 23.24%.Related Stories
Despite being one of the top producers of agricultural products, India does not figure among top exporters of agricultural produce. In view thereof, DAC&FW has prepared a comprehensive action plan/strategy towards promotion of agri trade. A detailed exploration of data and issues of pre-production, production, and post-harvest has been undertaken to evolve an end to end approach for developing a holistic strategy.The twofold approach addresses boosting Agri Export with emphasis on value addition and focussed action plan for Import Substitution.
It is also noted that Horticulture is a growing sub-sector. India holds 2nd position in production of fruits and vegetables. There is huge potential to increase export in fruits and vegetables. As such, a specific strategy for export promotion has also been evolved for Fresh Fruits & Vegetables with specific emphasis on grapes, mango, pomegranate, onion, potato & Cucumber-Gherkin.
Also, existing Agri clusters are required to be strengthened and more product clusters to be developed to fulfil the gap of bulk quantity and quality of supplies.At the behest of Department of Agricultural Cooperation & Farmers’ Welfare, Ministry of Agriculture, product specific Export Promotion Forums have been created to lead agri exports to new heights.The Forums will constantly monitor and identify/anticipate developments in the external/internal situation pertaining to the production and export of their respective commodity and recommend /intervene for taking the necessary policy/ administrative measures.
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