India's agriculture exports rise to 41.25 billion USD in FY 2020-21

2021-06-10 15:35:24 GMT2021-06-10 23:35:24(Beijing Time) Xinhua English

NEW DELHI, June 10 (Xinhua) -- India's agriculture exports during the financial year 2020-21 (April 2020-March 2021) crossed the 40 billion U.S. dollars-mark, reaching 41.25 billion U.S. dollars, indicating an increase of 17.34 percent over the previous financial year.

Briefing the media virtually, Commerce Secretary Anup Wadhawan stated that the agriculture exports also included allied products such as marine and plantation products.

The figures assume significance in the wake of nationwide lockdown imposed on March 24 last year to curb the COVID-19 pandemic.

According to Wadhawan, exports during April and May, the first two months of the current financial year of 2021-22, had also been impressive.

For agriculture products (excluding marine and plantation products), the growth is 28.36 percent with exports of 29.81 billion U.S. dollars in 2020-21, as compared to 23.23 billion U.S. dollars in 2019-20, Wadhawan said, adding India had been able to take advantage of the increased demand for staples during the COVID-19 period.

According to a statement by the federal Commerce Ministry, the largest markets for India's agriculture products are the United States, China, Bangladesh, UAE, Vietnam, Saudi Arabia, Indonesia, Nepal, Iran and Malaysia.

Exports to most of these destinations have registered growth, with highest growth being recorded for Indonesia (102.42 percent), Bangladesh (95.93 percent) and Nepal (50.49 percent), added the statement. Enditem