Team Blitz India
NEW DELHI: India’s agriculture exports declined by 8.8 per cent to $43.7 billion during April-February period of 2023-24 fiscal. These were due to factors like the Red Sea crisis, Russia-Ukraine war, and domestic restrictions imposed on critical items like rice, wheat, sugar and onion. According to the data of the Commerce Ministry, the exports stood at $ 47.9 billion in April-February 2022-23.
India’s agricultural GDP also witnessed a significant deceleration, growing by only 0.7 per cent in 2023-24, down from 4.7 per cent in 2022-23.
The data also showed that exports of the 719 scheduled agri products in theAPEDA basket declined by 6.85 per cent to 22.4 billion during the 11-month period of the last fiscal as against $24 billion in April-February 2022-23.
The export ban and restrictions on commodities like rice, wheat, sugar and onion have hit agri exports of about $5-6 billion in the last fiscal, an official said.
