Latest Post | Page 554 of 1380 | IASbaba

SPEAK TO MENTOR - CALL NOW!

SUBSCRIBE

India’s Agriculture Trade Summary for 2020-21

Part of: GS Prelims and GS III – Economy

In news

After remaining stagnant for the past three years, the export of agriculture and allied products during 2020-21 jumped to $ 41.25 billion, indicating an increase of 17.34%.
Largest markets for India’s agriculture products: USA, China, Bangladesh, UAE, Vietnam, Saudi Arabia, Indonesia, Nepal, Iran and Malaysia.
Key agricultural commodities exported: Marine products, rice, buffalo meat, spices etc.
The organic exports during 2020-21 registered a growth of 50.94%.
Organic exports include: Oil cake/ meals, oil seeds, cereals and millets, spices and condiments, tea, medicinal plant products, dry fruits, sugar, pulses, coffee etc.

The growth is attributed mainly to:

Opportunities offered due to Covid-19 offered like sharp rise in global commodity prices.
Various programmes emerging from Agriculture Export Policy, 2018
Improved market access: India has recently gained market access for pomegranate in Australia; mango and basmati rice in Argentina
Capturing of new markets in foriegn countries
Adherence to European Union norms
GI tag to domestic products for recognition in international market

Your Name *

Your Email *

Subject

Comments *

Search now.....