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India’s Agricultural and Processed Food Products Exports up by 30%

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According to the provisional data released by the Directorate General of Commercial Intelligence and Statistics (DGCI&S), the overall export of agricultural and processed food products increased to USD 9598 million in April-July 2022 from USD 7397 million over the same period of the last fiscal. The exports of agricultural and processed food products rose by 30 percent in the first four months of the current Financial Year 2022-23 (April-July) in comparison to the corresponding period of FY 2021-22.

For the year 2022-23, an export target of USD 23.56 billion has been fixed for the agricultural and processed food products basket and an export of USD 9.59 billion has already been achieved in the first four months of the current fiscal.

The initiatives taken by the Government have helped in achieving 40 percent of the total export target for the year 2022-23 in the first four months of the current fiscal.
As per the DGCI&S provisional data, fresh fruits & vegetables registered four percent growth, while processed fruits and vegetables recorded a significant growth of 51 percent (April-July, 2022) in comparison to corresponding months of the previous year. In April-July, 2021, fresh fruits and vegetables were exported to the tune of USD 498 million that increased to USD 517 million in the corresponding months of the current fiscal. Exports of processed F&V jumped to USD 665 million in four months of the current fiscal from USD 441million in the corresponding months of the previous year.

Also, processed food products like cereals and miscellaneous processed items reported a growth of 37.75 per cent and 35.26 percent respectively in comparison to the first four months of the previous year.