India’s Agricultural Exports Surged By 20% to $50 Billion in FY22

India’s Agricultural Exports Surged By 20% to $50 Billion in FY22

India’s agricultural export spurt by 20% during 2021-2022 despite logistical challenges posed by the COVID-19 pandemic. The Commerce and Industry Ministry said the export rose to $50 billion with which exports of rice being the top forex earner with a $9.65 billion and grew by 9.35% from the previous year.

In 2021-2022, wheat exports jumped to $2.2 billion against $567 million in the previous year. Dairy products export rose by 96% to $634 million from $323 million in the previous year. Poultry products rose to $71 million in 2021-2022 fr4om %58 million in the previous year and sheep/got exports increased by 34% to $60 million in 2021-2022. Meanwhile, bovine meat saw a spurt from 3.17 billion to $3.30 billion in 2021-2022.

The statement further stated, “The rise in export of agricultural and processed food products has been largely due to the various initiative taken by the Centre through APEDA such as organizing B2B exhibitions in different countries, exploring campaigns by the active involvement of Indian Embassies”.

Bangladesh, UAE, Vietnam, US, Nepal, Malaysia, Saudi Arabia, Indonesia, Iran and Egypt were the major export destination.