India Enhances Its Position in Agricultural Exports: Government Report
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New Delhi, Dec 26 (NationPress) India has solidified its position in exporting labour-intensive agricultural and allied products while also making strides into new domains like electronics goods.
During the period from April to October 2024, exports of agricultural and allied products surged to $27.84 billion, up from $26.90 billion during the same timeframe in 2023, as per the year-end assessment by the Commerce and Industry Ministry.
Spice exports have shown significant growth, increasing from $2.4 billion in 2013-14 to $4.2 billion in 2023-24. For the April-October 2024 period, spice exports experienced a notable rise of 10 percent, reaching $2.47 billion compared to $2.24 billion in the corresponding period last year.
Basmati rice exports grew from $4.8 billion to $5.8 billion, while non-basmati rice exports escalated from $2.9 billion to $4.6 billion. In the April-October 2024 period, Basmati rice exports stood at $3.38 billion, up from $2.96 billion during the same period in 2023, reflecting a growth of 14.28 percent.
The engineering goods sector also exhibited a remarkable performance, with exports rising by 9.73 percent during April to October 2024, amounting to $67.48 billion, compared to $61.50 billion in the previous year.
Additionally, the auto components and parts industry reported a commendable increase in exports, from $4.41 billion in April-October 2023 to $4.81 billion in April-October 2024, marking a growth of 8.98 percent.
Exports of electronics goods during the April-October 2024 period reached $19.07 billion, reflecting a significant growth of 23.69 percent compared to $15.42 billion in the same timeframe last year.
India has also maintained its strong presence in the drugs and pharmaceuticals sector, with exports amounting to $17.05 billion during April-October 2024, showcasing an 8 percent growth over $15.79 billion in the previous year. India remains a key exporter of generic drugs, medical devices, and various healthcare products.
The textiles sector plays a crucial role in job creation, with ready-made garment exports reaching $8.73 billion in April-October 2024, compared to $7.83 billion in the same period of 2023, reflecting an 11.59 percent growth, as stated.
