India’s Agri Exports Consistently Lagging Behind, Losses Worth Millions Of Dollars Incurred

by GoNews Desk 7 months ago Views 1556

India’s Agri Exports Consistently Lagging Behind,
58% of India's population depends on agriculture and 44% run their livelihood based on it. The country also strengthens its foreign exchange reserves by exporting a large number of agricultural commodities. According to the 2015-16 government data, agricultural products account for about 12.5% of the total exports, and flowers, fish, basmati and non-basmati rice, buffalo meat, spices and cotton are the top items of India's agricultural exports.

But for the last few years, India has been consistently lagging behind in exports of agricultural products. For example, where the country's floriculture exports stood at 35,166 metric tons in 2017-18, it decreased further to 31,745 metric tons by 2019-20. Obviously, this affected the financial condition of the country. In 2017-18, the country earned $182.76 million through floriculture exports, which came down to $177.41 million in 2019-20.

Similarly, there has been a decline in exports of fresh fruits and vegetables. In the year 2017-18, 28,99,525 metric tons of fruits and vegetables went exported out of the country, the same figure was reduced to 26,55,587 metric tons in 2019-20. Income from this also decreased from $1,385 million to $1,277 million.

India also lags behind regarding the export of meat and dairy products. In 2017-18, where 19,44,514 metric tons of meat, dairy products and honey were exported, by the year 2020, it was reduced to 16,45,386. 63 metric tons. Income also came down from $4,623 million to $3,694 million.

Apart from this, the same is the case with cereals. In the year 2017-18, where India exported 1,38,91,169 metric tons of basmati rice, wheat, maize and other grains, that figure decreased to 1,2,14,201 metric tons in 2019-20. This resulted in a severe loss to India and the income fell from $8,078 million to $6,611 million.

These figures are for the pre-lockdown period until March 31, 2020, when the country was not under a lockdown. In simple language, agricultural products have been affected by the slowdown itself, although yields in the country are breaking new records every year.

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