
Open Your Free Demat Account
Enjoy low brokerage on delivery trades
BAJAJ BROKING
India's agricultural exports dropped by 8.8% to $43.7 billion in April-February 2023-24 due to global crises and domestic restrictions, slowing GDP growth to 0.7%. Basmati rice exports surged by 22% to $5.2 billion and alcoholic beverage exports thrived despite challenges.
India's agricultural exports faced an 8.8% decline, totalling $43.7 billion from April-February 2023-24, primarily due to the Red Sea crisis, the Russia-Ukraine war, and domestic restrictions on critical items such as rice, wheat, sugar, and onions.
This decline, along with a slowdown in agricultural GDP growth to 0.7%, reflects the significant challenges faced by the sector. Although the Israel-Iran conflict hasn't had much impact.
Despite the overall decline, certain agricultural commodities showed resilience. Basmati rice exports notably increased by 22%, reaching $5.2 billion. Additionally, exports of fresh fruit, buffalo meat, processed vegetables, and bananas witnessed positive growth amidst the challenging export environment.
Indian alcoholic beverage exports thrived, showcasing the adaptability of the sector. Despite concerns about the Middle East conflict, there have been minimal visible impacts on its exports, with continuous monitoring in place to assess any developments.
The government is creating sea protocols to keep perishable goods fresh for global markets. India is actively working on export plans for 20 agricultural products, collaborating with states and farmers to develop strategies.
Despite challenges, India is committed to boosting agricultural exports by promoting specific products, aiming to overcome geopolitical and domestic issues and seize new opportunities in the global market.
Additional read: Share Market News
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For All Disclaimers Click Here: https://bit.ly/3Tcsfuc
Share this article:
Disclaimer :
The information on this website is provided on "AS IS" basis. Bajaj Broking (BFSL) does not warrant the accuracy of the information given herein, either expressly or impliedly, for any particular purpose and expressly disclaims any warranties of merchantability or suitability for any particular purpose. While BFSL strives to ensure accuracy, it does not guarantee the completeness, reliability, or timeliness of the information. Users are advised to independently verify details and stay updated with any changes.
The information provided on this website is for general informational purposes only and is subject to change without prior notice. BFSL shall not be responsible for any consequences arising from reliance on the information provided herein and shall not be held responsible for all or any actions that may subsequently result in any loss, damage and or liability. Interest rates, fees, and charges etc., are revised from time to time, for the latest details please refer to our Pricing page.
Neither the information, nor any opinion contained in this website constitutes a solicitation or offer by BFSL or its affiliates to buy or sell any securities, futures, options or other financial instruments or provide any investment advice or service.
BFSL is acting as distributor for non-broking products/ services such as IPO, Mutual Fund, Insurance, PMS, and NPS. These are not Exchange Traded Products. For more details on risk factors, terms and conditions please read the sales brochure carefully before investing.
Investments in the securities market are subject to market risk, read all related documents carefully before investing. This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For more disclaimer, check here : https://www.bajajbroking.in/disclaimer
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading