The value of Indian agricultural exports up to August this year is US$38.74 billion, and it is likely to grow to US$100 billion by 2022. If the India export sector takes advantage of the Sino-US trade war, SMEs will export a lot with overseas buyers.
According to experts, Indian agriculture is likely to achieve substantial growth in recent years. By 2022, the country’s total agricultural exports are expected to grow to 100 billion US dollars, and farmers’ income is expected to double.
Rajju Shroff, President of the Crop Conservation Federation of India(CCFI) and General Manager of United Phosphate Co., Ltd. said: “India’s agricultural production value is 367 billion US dollars, ranking second in the world. We have the potential to increase the total export value to 100 billion US dollars in 2022 and double the income of farmers. According to the latest data from the WTO, the current total global agricultural exports is more than 1.5 trillion US dollars, while India’s export is currently less than 35 billion US dollars. We have called on the government to make efforts to increase agricultural export, and try to achieve a three-fold increase in exports in 2022 and a two-fold increase in peasant income.”
Environmental and agricultural centre (Centegro) in Mumbai, a non-profit organization, co-authored a report with experts from the Tata Strategic Management Group, which was recently released by Federal Minister Nitin Gadkari. The report emphasized that India needed to increase its share of global agricultural exports in order to increase farmers’ income. India’s agricultural production ranks second in the world, while services and manufacturing rank 11th and 12th respectively. The contribution of agriculture to the Indian economy has gone beyond the scope of the rural economy. It also covers many other scopes like the manufacturing and service industries. The report pointed out that India’s agricultural exports trade surplus was higher than manufacturing.
Tradedigits provides India import manifest data with detailed Indian importers list and its oversea suppliers list and purchasing amount of each imported goods. By this valuable information, you are able to find you Indian buyers and know exactly about your competitors who are in the same industry and also want to do business with the Indians.