India is known as a global agricultural powerhouse. The majority of the country’s people, which is around 770 million people, live in rural areas. India’s food security depends on producing cereal crops, as well as increasing its production of fruits, vegetables, and milk to meet the demands of a growing population with rising incomes. As per the Land Use Statistics 2018-19, the country’s total geographical area is 328.7 million hectares, of which 139.3 million hectares is the reported net sown area and 197.3 million hectares is the gross cropped area with a cropping intensity of 141.6%.
As per the fiscal policy statements, the Indian agriculture sector was expected to grow by 3.5% in FY 2022–2023. India has not only fulfilled its domestic needs, but it has also quickly become a net exporter of agricultural products. As per the available WTO’s Trade Statistical Review (2022), the share of India’s agricultural exports and imports in the world agriculture trade in 2021 were 2.4% and 1.7%, respectively. India is in the top 10 ranking of global Agri exporters. Agricultural exports reached $50.2 billion in the fiscal year 2022–2023. Production of Kharif Nutri/coarse cereals was expected to reach 351.37 Lakh Metric Tonnes in 2023–2024.
As compared to the previous year (2020-21), the Agri and Allied exports in the year 2021-22 increased by 20.79%. The increase in Agricultural exports during 2020-21 was mainly due to the increased exports of commodities like Wheat (279.71%), Dairy Products (98.40%), Guergam Meal (71.41%), Sugar (66.17%), Cashew Nut Shell Liquid (64.84%), Other Cereals (56.00%), Cotton Raw Incl. waste (50.39%), Milled Products (48.54%), Coffee (42.59%), Misc Processed Items (36.11%), and Pulses(36.66%), which witnessed high growth in the year 2021-22 as compared to the previous year. Bangladesh, the United States of America, China, Vietnam, the United Arab Emirates, Indonesia, Saudi Arabia, Malaysia, Nepal, Egypt, Sri Lanka, the Netherlands, Iran, Iraq, the United Kingdom, Japan, and Thailand are the major export destinations for India.
List of Top 5 Agriculture in India (BSE) based on Net Sales.
Company Name | Net Sales (Rs. cr) |
Kaveri Seed | 1,000.56 |
Goodricke Group | 882.2 |
Harrisons Malay | 486.77 |
Nath Bio-Genes | 301.29 |
Bombay Burmah | 244.59 |
Source: BSE, India, last updated 28 February, 2024
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Reference:
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