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Agriculture exports to reach nearly $50 bn in 2024-25
Hindustan Times
|November 13, 2024
India's agriculture exports will post positive year-on-year growth in 2024-25 at nearly $50 billion, reversing the contraction witnessed in FY24, mainly because of the government lifting curbs on rice exports after assessing higher production, record inventories and robust global demand, officials said on Tuesday.
Agricultural exports have received a significant boost in FY25 from the recent easing of rice export, which is likely to surpass the total agri export value for fiscal 2021-22, but may not cross the 2022-23 figure, they said, requesting anonymity. The total value of all agricultural product exports in the first six months (April-September) of the current financial year is $23.4 billion.
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