India’s agri exports
- The agricultural exports from India have crossed a record 50 billion dollars for the year 2021-22, the highest so far. This marks a growth rate of 19.92% compared to the previous year.
- India had achieved a growth rate of 17.66 per cent in 2020-21 and had clocked agri exports worth 41.87 billion in that year.
- The growth has been significant in marine products, plantation crops and staples like rice, wheat, sugar and cereals.
- Wheat has registered a growth rate of about 273%. Wheat accounted for $2119 billion in 2021-22.
- India has captured nearly 50% of the world’s rice market. Exports of rice were the top forex earners at $9.65 billion.
- Dairy products showed around a 96% growth rate.
- This growth coming amidst the logistical challenge posed by the COVID-19 pandemic makes it even more remarkable.
- The Agricultural and Processed Food Products Export Development Authority (APEDA) was able to export agricultural and processed food products of the value of around 25.6 billion dollars, which is 51% of India’s total agricultural exports.
Sansad TV Perspective For UPSC IAS Current Affairs Preparation
Factors aiding this growth rate
Favourable government policies:
- Agri Export Policy of 2018 and institutional set-up to promote the policy
- One Product One District Programme
- Necessary infrastructure has been created like logistics for transportation and cold storage centres.
- Production cluster development
- Identification of markets and consumption trends. Quality standards have been set to retain export standards. This results in increased trust in Indian agri exports.
Geographical potential of India:
- India has diverse climatic conditions. This makes India suitable for the cultivation of a diverse number of crops.
Other external reasons:
- The Russia-Ukraine conflict and its effect on international supply chain disruptions has helped create a market for Indian agri produce.
- The record agri exports will help enhance farmers’ incomes in line with the government’s vision to double farmers’ incomes.
- The exports of products like rice and wheat will help rationalize the buffer storage capacity of India when it comes to foodgrains.
- The emergence of India as an agri export powerhouse augurs well for India’s image in the global arena.
- India’s exports are helping contain food inflation in many countries.
Recommendations to make India a food export powerhouse
- Further improve the infrastructure to ensure a supportive ecosystem for agri exports. There is a need to ensure a robust logistics chain.
- Strengthen the Geographical Indicator regime for agri products.