India agriculture exports may grow to $100 billion by 2022

Date:08-24-2017

Indian agricultural sector has potential to double farmer income and grow exports to $100 billion by 2022 from the present $36 billion, according to industry experts.

"India ranks second globally in agricultural production at $367 billion and we have potential to double farmer income and increase exports to $100 billion by 2022".

"Globally, exports in agricultural products is over $1,500 billion annually as per the latest data from WTO and India's share is less than $35 billion at present," said Crop Care Federation of India (CCFI) president Rajju Shroff.

"We have urged the government to increase focus on trebling India's share in agri exports to double farmer income by 2022," Shroff, who is also MD of United Phosphorus Ltd, told reporters here.

A report, prepared by city based not-for-profit organisation Centre for Environment and Agriculture (Centegro), also emphasised the need to raise India's share in global agri exports to increase farmers' income automatically.

The report was prepared in association with experts from Tata Strategic Management Group was released by Union minister Nitin Gadkari recently. India ranks second globally in agricultural production, whereas in services and manufacturing sectors India's position stands at 11th and 12th respectively.

Agriculture's contribution to India's economy extends beyond the rural economy and encompasses many activities in manufacturing and services sector. Export surplus from the country's agricultural trade is higher than the corresponding figure achieved by the manufacturing sector, the report said.

On lines of the 'Make In India' campaign, the report urged the government to launch 'Grow In India' campaign aiming for substantial gains in agri-exports with a single authority to monitor India's international agricultural trade-both exports and imports.