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| Credit: PIB |
India stands as a prominent figure in global
agriculture, with its diverse climate and fertile lands enabling the
cultivation and export of a wide array of agricultural products. Agricultural exports from India
increased from USD 22.70 billion in 2013-14 to USD 48.15 billion in
2023-24. Below is an overview of India’s top five
agricultural exports, accompanied by a flowchart illustrating the export
distribution.
India’s Top Five Agricultural Exports:
1. Marine Products
Leading India’s agricultural exports are
marine products, which amassed an export value exceeding ₹610 billion in FY
2024. This category includes a variety of seafood such as shrimp, fish, and
mollusks, catering to high demand in markets like the USA, Japan, and Southeast
Asia.
2. Basmati Rice
Renowned for its distinct aroma and long
grains, basmati rice secured an export value of approximately ₹264.15 billion
in FY 2024. Major importers include Middle Eastern countries, the USA, and
European nations.
3. Non-Basmati Rice
Non-basmati rice varieties contributed around
₹456.5 billion to India’s export earnings in FY 2024. These varieties are
favored in African countries, Nepal, and Bangladesh due to their affordability
and versatility.
4. Spices
India’s rich heritage in spice cultivation is
reflected in its spice exports, which reached a significant export value in FY
2024. Key spices such as turmeric, cumin, and coriander are in high demand
globally, especially in the USA, Vietnam, and China.
5. Sugar
The sugar industry marked its presence with
exports valued at ₹343.48 billion in FY 2024. Primary destinations for Indian
sugar include Indonesia, Bangladesh, and Sudan.
Distribution of India’s Top Agricultural
Exports (FY 2024)
Note: The percentages are illustrative and
based on export values.
This flowchart provides a visual
representation of the proportionate distribution of India’s top agricultural
exports for the financial year 2024.
India’s strategic initiatives, including the
removal of the floor price for basmati rice exports, have bolstered its
position in the global market. Such policies, coupled with favorable monsoon
seasons, have enhanced production capacities, enabling the country to meet
international demand effectively.
In conclusion, India’s agricultural export
landscape in 2024 reflects a robust and diversified portfolio, with marine
products, various rice varieties, spices, and sugar leading the charge.
Continuous policy support and quality enhancement are poised to further
strengthen India’s footprint in the global agricultural market.
Source: PIB, Statista