Export of agriculture items rises by over 23% in first quarter
The government has emphasised the vital role of agricultural export to make the agro sector more self-reliant
As the countries across the globe face the unprecedented crisis of coronavirus induced lockdown, India assisted the world by supplying food to them without any hindrance to its food supply chain, said a report in The Financial Express.
The publication said that the exports of agricultural items from March to June 2020 soared by 23.24 per cent on-year to Rs 25,552.7 crores as per the Ministry of Agriculture & Farmers Welfare.
The government emphasised the vital role of agricultural export to make the agro sector more self-reliant. It would help in earning foreign exchange for the country. Besides, the exports assist farmers, producers, and exporters to take advantage of a wider global market with the rise in their income, the report said.
The expeditious exports have also enhanced production in the farm sector by expanding coverage area and productivity. The portion of India’s agricultural exports and imports in the international agriculture trade in 2017 was 2.27 percent and 1.90 per cent, respectively.
At the same time, the Ministry of Agriculture has drawn a comprehensive roadmap towards the impetus of agri trade, which encourages Agri export with focus on value addition and action plan for import substitution.
Moreover, the agriculture sector observed various reforms, allowing more options to the farmers to sell their produce at competitive rates in the market, according to the article by The Financial Express.