The agriculture industry in India is the primary source of source of income for concerning 58% of India\\\'s population.
The Indian Agriculture Export Policy, 2018 was approved by the Government of India in December 2018. The brand-new plan aimed to enhance India\\\'s farming export to $60 bn by 2022 as well as $100 bn in the following couple of years with a stable profession policy program.
In 2019, India was the 9th biggest merchant of farming products as well as the total value of exported farming items stood at $37.4 bn. India exported agri-machinery worth $1,024 mn throughout 2019-20. Of this, 76.4% was exported to the UK, North America, Eastern Europe, EU, Africa, ASEAN, as well as SAARC.
The export of rice increased from $1.9 bn in April-June 2020 to $2.3 bn in April-June 2021.
The export of Agri and allied products throughout April 2020 - February 2021 were INR 2.74 lakh crore as compared to INR 2.31 crore in the same duration in 2014 indicating a boost of 18.49%. During April-December 2020, the export of Basmati Rice was $2,947 mn against $2,936 mn reported during same period in the previous year. Major destination for the Basmati rice exports from India is to the nations consisting of Iran, Saudi Arabia, Iraq, United Arab Emirates, Kuwait, European Countries and so on.
The quantity of tea exported during April - January 2021 amounted to 172.46 million kg, with CIS being the leading exported Indian tea at 42.64 mkg. UAE was the leading importer of India tea during the same period at 10.92 mkg of imports.
Huge population and also increasing city and also rural revenue have contributed to growth in demand for agriculture products. Based on the Union Budget of India 2020-21, allotment of $40.06 bn was made to the Ministry of Agriculture.
India ranks initially in the variety of natural farmers and 9th in regards to area under chemical-free farming.
It is the world's largest manufacturer of milk, pulses, and flavors, and has the globe's largest cattle herd (buffaloes), in addition to the biggest location under wheat, rice and also cotton. It is the 2nd largest producer of rice, wheat, cotton, sugarcane, farmed fish, sheep & goat meat, fruit, veggies and also tea.India\'s agriculture technology can grow to $24.1 bn in 5 years. The present market dimension of agri tech, consisting of AI-based agri technology startups in India, is nearly worth $204 mn.