Snapshot

Continuing an upward trend, agricultural exports rose to $53.1 Bn during the financial year 2022-23

Wheat exports touched $1519.69 Mn in FY 2022-23 and the grain's exports are likely to exceed 10 MT by the end of 2022-23.

The growth in the agriculture sector is likely to remain buoyant, supported by healthy progress in Rabi sowing, with the area sown being higher than the previous year. Other cereals’ exports increased from $764 Mn in Apr-Dec 2021 to $869 Mn in Apr-Dec 2022 and the export of milled products increased from $188 Mn in Apr-Dec 2021 to $255 Mn in Apr-Dec 2022 registering a growth of 35.71%.

Fiscal policy statements highlighted that the Indian agriculture sector is projected to grow by 3.5% in FY 2022-23. Apart from meeting domestic requirements, India has also rapidly emerged as a net exporter of agricultural products in recent years. With the agriculture exports touching $50.2 Bn in FY 2022-23. For 2023-24, production of Kharif Nutri/coarse cereals is estimated at 351.37 LMT.

As per First Advance Estimates for 2023-24, Total Food grain production in the country is estimated at 1485.69 Lakh Tonnes Total production of Rice during 2023-24 is estimated at 1063.13 LMT. Production of Maize in the country during 2023-24 is estimated at 224.82 Lakh Tonnes. 

The production of Moong is estimated at 14.05 LMT. Total Kharif pulses production during 2023-24 is estimated at 71.18 LMT. The production of Soybean & Groundnut is estimated at 115.28 LMT and 78.29 LMT respectively. Total Oilseeds production in the country during 2023-24 is estimated at  215.33 Lakh Tonnes.

The total production of Sugarcane in the country during 2023-24 is estimated at a record 4347.93 Lakh Tonnes.

Production of Cotton is estimated at 316.57 Lakh Bales (of 170 kg each) and production of Jute & Mesta is estimated at 91.91 Lakh Bales (of 180 kg each).

As per the First Advance Estimates of 2023-24, the horticulture production in the country in 2023-24 is estimated to be about 355.25 Mn Tonnes. 

 

  • #

    Milk production in the world contributing 24% of global milk production

  • #

    Producer of millet in the world with an area of 15.48 million hectares under cultivation.

  • #

    Producer of Sugar

  • #

    Number of organic farmers and has 59.1 Lakh ha area under organic farming

India is the largest producer of milk, coconuts, black tea, ginger, and turmeric; and the 2nd largest producer of cashew nuts, and tea in the world

India is the 2nd largest producer of fruits and vegetables, rice, wheat, groundnuts, cashew, and tea globally; and accounts for 10% of the world’s fruit production with first rank in the production of mango, bananas, sapota, and acid lime

The nation has a cold storage facility with a 374.25 Lakh MT capacity

Industry Scenario

According to the provisional data released by the Directorate General of Commercial Intelligence and Statistics (DGCI&S), the exports of agricultural and processed food products rose by 13% to $19.69 Bn in the nine months of the Financial Year 2022-23 (Apr-Dec) in comparison with the corresponding period of FY 2021-22.

In 2022-23, fresh fruits and vegetables were exported to the tune of $1635.95 Mn which comprised Fresh Fruits worth $770.70 Mn and vegetables worth $865.24 Mn. Exports of processed F&V jumped to $2,248.96 Mn in FY 2022-23.

Basmati Rice exports were 26.08 LMT for the period Apr-Oct'23. The export of non-Basmati rice were witnessed at 73.18 LMT for the period Apr-Oct'23. The export of pulses has been recorded at 3.41 LMT for the period Apr-Oct'23.

Organic Products:

India has the highest number of organic farmers in the world at 44.3 Lakhs, and 59.1 Lakh ha area has been brought under organic farming by 2021-22, producing certified organic products including all varieties of food products namely Oil Seeds, fiber, Sugar cane, Cereals & Millets, Cotton, Pulses, Aromatic & Medicinal Plants, Tea, Coffee, Fruits, Spices, Dry Fruits, Vegetables, Processed foods, etc. The production is not limited to the edible sector but also produces organic cotton fiber, functional food products, etc.

Union Budget 2023 Highlights:

  • INR 20 Lakh Cr: Agricultural Credit Target with a focus on Animal Husbandry, dairy and fisheries sector.
  • Aatmanirbhar Bharat Horticulture Clean Plant Program: Outlay of INR 2200 Cr to promote high-value horticulture crops.
  • Agricultural Accelerator Fund: To be setup to promote startups in rural India.
  • Provision of INR 60,000 Cr has been made for the Pradhan Mantri Kisan Samman Nidhi (PM-Kisan).
  • Provision of INR 450 Cr has been made for the Digital Agriculture Mission started by the Modi Government, and about INR 600 Cr allocated for the promotion of Agriculture sector through technology.
  • The government will launch a sub-scheme under PM Matsya Sampada Yojana with an outlay of INR 6,000 Cr.

GROWTH DRIVERS

  • Demand-side drivers

    Population and income growth creates new opportunities for farmers and businesses to expand and innovate, encouraging the sector to adopt new technologies and practices and explore new markets both domestically and internationally.

  • Increasing exports

    Increasing exports have opened up new markets and supply chains for Indian farmers and businesses. This has increased competitiveness in the sector and encouraged innovation and expansion.

  • Supply-side drivers

    Hybrid and genetically modified seeds, ideal climate, technologically advanced irrigation infrastructure, the Green Revolution in Eastern India to address the constraints limiting the productivity of “rice based cropping systems” and an increase in climate-smart agricultural practices.

  • Policy support

    Growing institutional credit, Increasing MSP, Introduction of new schemes like Paramparagat Krishi Vikas Yojana, Pradhanmantri Gram, Sinchai Yojana, and Sansad Adarsh Gram Yojana, Inception of Agri Infrastructure Fund, promotion of agricultural mechanization and subsidy for machines and supports drones.

  • Logistics support

    Initiatives like Kisan Rath (mobile app for farmers, FPOs, and traders), 200+ Kisan Rails, and Krishi Udaan Scheme for produce transportation, Perishable Cargo Centres, cold storage facilities at Airports and Inland Container Depots as well as cargo terminals and warehouses.

  • Digital Transformation

    e-NAM, spanning 1260 APMC mandis in 22 States and 3 UTs, enables online trading of 203 agricultural commodities, benefiting farmers with better remunerative prices for their produce. It catalyses the digital transformation of mandi operations and e-trading of agricultural commodities.

  • Changing Consumer Preferences

    Consumers in India are increasingly looking for organic and locally sourced produce, creating opportunities for small-scale farmers to enter the market and differentiate their products from those of larger agricultural corporation

  • Krishi Nivesh

    Development of the Agriculture Investment Portal named “Krishi Nivesh” to boost agriculture investment . The portal is an Integrated, centralized one-stop Portal for all Agri-investors to avail benefits from various Government schemes.

arrowarrow

Industrial Land Bank Portal

GIS - based map displaying available infrastructure for setting up business operations in the state.

Investible Projects

Investment Opportunities in Agriculture & Allied Sector

    Major Investors

    Latest In Agriculture & Allied Sector

    Press Release May 02, 2024

    India and New Zealand to have deeper collaboration in Pharma, Agriculture and Food Processing Industries,…

    Read Now

    Press Release

    India and New Zealand to have deeper…

    Press Release

    MoU signed between Indian Council of…

    Press Release

    Union Minister Shri Arjun Munda inaugurates…

    Press Release

    APEDA facilitates exposure visit of Farmer…

    Press Release

    APEDA facilitates India’s first commercial…

    FAQs

    Frequently
    Asked Questions

    What is the Agricultural Marketing Infrastructure scheme?

    It is common knowledge that there is a need to promote agriculture marketing infrastructure projects for reducing the involvement of intermediates and minimizing post-harvest losses. A robust agriculture marketing infrastructure will ensure better remuneration to farmers and supply of better quality products to consumers and processing industries. During the XII plan period, the estimated investment for marketing infrastructure and value chain development was $8.61 Bn.

    To address this need, the Department of Agriculture and Cooperation (DAC), Govt. of India has introduced the Agricultural Marketing Infrastructure (AMI) Scheme by merging the earlier GrameenBhandaranYojana (GBY) and the Scheme for Development/Strengthening of Agricultural Marketing Infrastructure, Grading and Standardization (AMIGS).

    Was it helpful?

    What is agricultural biotechnology?

    Agricultural biotechnology is an advanced technology that allows plant breeders to make precise genetic changes to impart beneficial traits to the crop plants we rely on for food and fiber.

    For centuries farmers and plant breeders have labored to improve crop plants. Traditional breeding methods include selecting and sowing the seeds from the strongest, most desirable plants to produce the next generation of crops. By selecting and breeding plants with characteristics such as higher yield, resistance to pests and hardiness, early farmers dramatically changed the genetic make-up of crop plants long before the science of genetics was understood. As a result, most of today's crop plants bear little resemblance to their wild ancestors.

    The tools of modern biotechnology allow plant breeders to select genes that produce beneficial traits and move them from one organism to another. This process is far more precise and selective than crossbreeding, which involves the transfer of tens of thousands of genes, and provided plant developers with a more detailed knowledge of the changes being made.

    Was it helpful?

    What are the benefits of Farmers Produce Trade and Commerce (Promotion & Facilitation) Act, 2020?

    This Act empowers farmers to freely sell their produce from farm gate directly to the buyers/exporters/processors/retailers who are offering better prices as alternative to APMC Markets without paying any market fee in trade area. It will help to reduce transportation cost of farmers produce from the farm gate to the mandis. It will also help in reducing post-harvest losses. The farmers can now store their produce in warehouses after harvest and sell it directly from such warehouses at appropriate time at suitable prices without bringing the produce to APMC Markets for selling.

    Was it helpful?

    Under Farmers Produce Trade and Commerce (Promotion & Facilitation) Act, 2020, corporate companies are also becoming entity as ‘farmer’?

    Corporate companies are not included in the definition of farmer in this Act. Only Farmer Producers Organizations (FPOs), which are registered under any law, are included under the definition of farmer apart from individual farmers.

    Was it helpful?

    What are the payment procedures for FPO or Agricultural Cooperative Society under Farmers Produce Trade and Commerce (Promotion & Facilitation) Act, 2020?
    • An FPO or an agricultural co-operative society shall make payment to the farmer immediately after sale, but not later than fourteen days from the date of aggregation or purchase subject to the condition that the receipt of delivery shall be given to the farmer on the same day.
    • When FPO aggregates or buys the scheduled farmers’ produce from farmer in the trade area and sells such produce in raw form itself, it shall make the payment immediately after such sale, but not later than three days from the date of aggregation or purchase, if procedurally so required, subject to the condition that the receipt of delivery shall be given to the farmer on the same day.

    Was it helpful?

    VIEW ALL

    New India Timeline @2047

    2024
    DRAG TO VIEW MORE

    Disclaimer: All views and opinions that may be expressed in the posts on this page as well as post emanating from this page are solely of the individual in his/her personal capacity