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India 22/07/2020

India wants to double its agricultural exports

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Higher volumes of agricultural exports could improve the incomes of many Indians and strengthen the country as an agricultural power. According to the government, new markets must be sought to stimulate exports.
The Indian government is working on a new agricultural trade policy. Higher volumes of agricultural exports can help improve farm incomes. With several reforms to liberalize the agricultural sector and especially the search for new markets to stimulate exports.
India aims to double agricultural exports from the current $30 billion to $60 billion by 2022. Finding new markets will be the key factor.
An inter-ministerial assessment showed that it was possible to export more to the United States, Canada, Chile, Ecuador, South Korea, Malaysia, Iran, Taiwan but also to China. Recently India has gained access to several markets for its agricultural products, such as Canada (for mangoes, grapes, pomegranates, lychees, papayas), Chile (nuts), South Korea and Malaysia (mangoes).
To increase fruit and vegetable exports, the government plan provides for the opening of new export centers in small towns across the country. To provide direct global access to local farmers. The Ministry of Agriculture has identified 70 districts as potential export centers.
India's agricultural exports increased from around $8.7 billion in 2004-05 to $42.6 billion in 2013-14. But only $33 billion in 2016-17. The trade surplus (exports minus imports) declined to $7.8 billion in 2016-17 and then declined further in 2017-18 and 2018-19.



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India aims to double agricultural exports by 2022 (Photo: apeda gov in).
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