Indian Economy News

India’s agricultural and processed food products export up by 25% to US$ 13,771 million in Q2 of the current fiscal (2022-23) compared to the same period last year

Exports of agricultural and processed food items increased by 25% in the first six months of the current fiscal year 2022-23 (April-September) compared to the same period in FY 2021-22. According to preliminary data issued by the Directorate General of Commercial Intelligence and Statistics (DGCI&S), overall exports of agricultural and processed food goods increased by 25% in US$ from April-September 2022.

The total export of Agricultural and Processed Food Export Development Authority (APEDA) products climbed to US$ 13,771 million from US$ 11,056 million in the previous fiscal year in April-September 2022. The actions implemented by the Ministry of Commerce and Industry through APEDA have assisted the country in meeting 58% of its total export target for 2022-23 within the first six months of the current fiscal year. APEDA has set an export target of US$ 23.56 billion for the agricultural and processed food products basket for the fiscal year 2022-23, with the export of US$ 13.77 billion already reached in the first six months of the current fiscal.

According to DGCI&S preliminary data, processed fruits and vegetables increased by 42.42% (April-September 2022), while fresh fruits increased by 4% compared to the same months the previous year. In addition, processed food products such as cereals and other processed items increased by 29.36% compared to the first six months of the previous year.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.