Talking about the data of the Ministry of Commerce, India’s export of agricultural and processed food products has increased by more than 13 percent to $ 23.26 billion during April-November in the current financial year.
India is consistently performing well in the field of agricultural exports. In the first 8 months of this financial year itself, there has been a growth of 13 percent. The highest foreign exchange has been earned from the export of rice. India has benefited from the increase in rice prices in the international market. At the same time, due to the competitive price, rice of India is becoming the first choice for many countries. This is the reason why it is registering fast.
Not only rice, the export of meat, dairy and poultry products is also registering a boom. Farmers will also benefit from the improvement in export figures. India is constantly entering into agreements with different countries for exports. If more and more quantity is exported, then farmers will get a good price in the country, due to which their income will increase.
An increase of more than 13 percent
Talking about the data of the Ministry of Commerce, India’s export of agricultural and processed food products has increased by more than 13 percent to $ 23.26 billion during April-November in the current financial year. The Ministry of Commerce gave this information on Saturday.
According to the ministry, rice exports were the top foreign exchange earner during April-November 2021-22 at $5.93 billion, a growth of 11 percent over the same period in 2020-21 to $5.3 billion. Exports of meat, dairy and poultry products also grew by 12 per cent to $2.66 billion during the eight-month period of the current fiscal. Fruit and vegetable exports grew by 12 percent to $1.72 billion.
400 US dollar export target
Minister of State for Commerce & Industry, Anupriya Patel said on Saturday with regard to agricultural exports that this increase will not only bring foreign exchange to the country but will also double the income of farmers and increase employment opportunities. It will also help in promoting the export of agricultural and processed food products.
He said that the Commerce Ministry has set a target of exporting 400 US dollars. In this sequence, a target of exporting two trillion dollars is proposed in the year 2025-26. A target of 43 US dollars has been set for agricultural exports only. Patel said that the goal seems to be possible with the cooperation of APEDA and farmers.
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