The agriculture sector has experienced buoyant growth in the past two years. The sector, which is the largest employer of workforce, accounted for a sizeable 18.8 per cent (2021–22) in Gross Value Added (GVA) of the country registering a growth of 3.6 per cent in 2020–21 and 3.9 per cent in 2021–22. Growth in allied sectors including livestock, dairy and fisheries has been the major drivers of overall growth in the sector. When measured in total value of agricultural production, India is ranked fourth largest in the world.
Post-independence, there was a need to import food grains due to low productivity, stagnant food-crop sector and poor rural infrastructure making food self-sufficiency a major national goal. The introduction of the Green Revolution then yielded spectacular results and we became one of the largest producers of many agricultural commodities such as rice, wheat, pulses, fruits and vegetables. From being a net importer of foods in the 1960s, India is now a net exporter, thanks to Indian farmers and the Indian agriculture input industry.
According to provisional data released by the Directorate General of Commercial Intelligence and Statistics (DGCI&S), India achieved record agricultural exports for FY22. What was the value of India’s agricultural products exports according to this data?
Correct Answer :
USD 50.21 billion
Solution :
The correct option is USD 50.21 billion.
Explanation:
According to the provisional data released by the Directorate General of Commercial Intelligence and Statistics (DGCI&S), India achieved its highest-ever agricultural exports in the financial year 2021–22 (FY22).
The total value of India's agricultural products export touched USD 50.21 billion for FY22, growing by nearly 20% compared to the USD 41.34 billion achieved in FY21. This remarkable growth was driven by high export demand for commodities such as rice, wheat, sugar, coarse grains, and raw cotton.
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