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Recession Slowed The Pace Of India's Farm Exports

by GoNews Desk 5 months ago Views 1940

Recession Slowed The Pace Of India's Farm Exports
Around 58% of Indians depend on agriculture and 44% of them run their livelihood from it.

The country also strengthens its foreign exchange reserves by exporting a large number of farm products. But the latest data on exports of agricultural products is presenting a mixed picture. The impact of the slowdown in the region is also clearly visible due to the lockdown.


In graphs, the curve of the export earnings of a product is going up and down.

Between April-September in 2019-20, India was exporting basmati rice worth $2,031 million, this figure increased to $2,123 million in the same quarter of 2020-21.

Similarly, in April-September (2019-20), India exported sugar worth $808 million, which increased to $1362.4 million in the same quarter of 2020-21.

Similarly, the country is also leading in cotton exports. While in April-September (2019-20), cotton worth $226.44 million was exported from the country, the figure increased to $464 million in the same period of 2020-21.

But India is lagging behind in buffalo meat exports. India earned $1599.37 million by exporting buffalo meat in April-September (2019-20), while this figure was reduced to $1365.13 million in April-September (2020-21).

The world-famous Indian spices exports are also going down. Spices worth $1962.34 million were exported from India in April-September during 2019-20, but the figure fell to $1907.79 million in the same quarter of 2020-21.

Exports of fruits also declined. In the April-September quarter of 2019-20, where fruits worth $277.68 million were exported out of India, the figure was reduced to $228.75 million in 2020-21.

Since the figures are for the post-lockdown period, it is not difficult to guess that the recession has impacted agricultural products considerably, although yields are setting new records every year.

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