Good News: Agricultural exports recover from Covid-induced fall

Exports of major farm products stood at ₹53,000 crore in the five-month period between April and August 2020-21, a rise of 14.8% compared to the corresponding period of 2019-2020, the export data show.

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India’s agricultural exports, a crucial source of farm earnings, have recovered from a pandemic-induced decline, but some high-value segments, such as livestock and marine products, continue to shrink, according to an analysis of government data.

India’s agricultural exports grew five times from about $8.7 billion in 2004-05 to $42.6 billion during 2013-14 on the back of a rise in global commodity prices. This fell sharply to $33 billion in 2016-17. The country’s net exports (i.e. exports minus imports or the agricultural trade surplus) fell to $7.8 billion in 2016-17. Exports have been muted since.

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