Online Export Import Data Search

Recent Searches: No Recent Searches
Complete Training Video : Click Here

World’s kitchen: India supplies more food to world amid pandemic; agri exports skyrocket.

Date: 18-08-2020
Subject: World’s kitchen: India supplies more food to world amid pandemic; agri exports skyrocket
As the economy comes to a standstill amid the coronavirus-led lockdown, India’s agriculture sector has taken the baton of economic growth in its hands. The exports of agricultural commodities from March to June 2020 shot up by 23.24 per cent on-year to Rs 25,552.7 crores, according to the Ministry of Agriculture & Farmers Welfare. The government said that self-reliant agriculture is critical for the goal of an Atmanirbhar Bharat and for this, agricultural export is extremely important as besides earning foreign exchange for the country, the exports help farmers, producers, and exporters to take advantage of wider international market and increase their income.

The surge in exports has also resulted in increased production in the farm sector by increasing coverage area and productivity. The share of India’s agricultural exports and imports in the world agriculture trade in 2017 was 2.27 per cent and 1.90 per cent, respectively. Even during the difficult time of pandemic lockdown, India took care to not to disturb the world food supply chain and continued to export, the government said.

Meanwhile, the Ministry of Agriculture has prepared a comprehensive action plan towards the promotion of agri trade, which aims at boosting Agri export with emphasis on value addition and action plan for import substitution. Recently, the agriculture sector has witnessed a series of reforms, giving more choices to the farmers to sell their produce at competitive rates.

RBI Governor Shaktikanta Das had also said that shifting the terms of trade in favour of agriculture is the key to sustaining the dynamic change and generating positive supply in the agriculture sector. Shaktikanta Das had added that when terms of trade remained favourable to agriculture, the annual average growth in agricultural gross value added (GVA) exceeded 3 per cent.

He had further said that the main instrument has been minimum support prices, but the price incentives have been costly, inefficient, and even distortive. Shaktikanta Das had also underlined that an efficient domestic supply chain is critical and the focus must now turn to capitalising on the major reforms that are underway to facilitate domestic free trade in agriculture.

Source:- financialexpress.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Exim Help

What is New?

Date: 21-01-2021
Notification No.05/2021 - Customs (N.T.)
Exchange rate Notification No.05/2021-Cus (NT) dated 21.1.2021.

Date: 19-01-2021
Circular No. 1077/01/2021 - CX
Strict compliance to Limitation while filing Appeals/Petitions before Courts/ Tribunal -reg.

Date: 18-01-2021
Notification No. 8/2021-Customs (N.T./CAA/DRI)
Appointment of CAA by Pr. DGRI

Date: 18-01-2021
Notification No. 7/2021-Customs (N.T./CAA/DRI)
Appointment of CAA by Pr. DGRI

Date: 15-01-2021
Trade Notice No. 38/2020-21
Introduction of online e-PRC System for Application seeking Policy/Procedure relaxation in terms of Para 2.58 of FTP 2015-20

Date: 14-01-2021
Circular No.01/2021-Customs
Transhipment of Import & Export Cargo via Sri Lanka and Bangladesh-Waiver of bank guarantee –reg.

Date: 14-01-2021
Notification No. 04/2021-Customs (N.T./CAA/DRI)
Appointment of CAA by Pr. DGRI

Date: 14-01-2021
Notification No. 05/2021-Customs (N.T./CAA/DRI)
Appointment of CAA by Pr. DGRI

Date: 12-01-2021
Notification No. 02/2021 - Central Tax
Seeks to make amendment (2021) to CGST Rules, 2017.

Date: 11-01-2021
Trade Notice No. 37/2020-2021
Electronic Issuance of Preferential Certificate of Origin (CoO) for India’s Exports to UK under Generalised Scheme of Preferences (GSP)

Exim Guru Copyright © 1999-2021 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.


C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001