October 2020, South Asia

India agricultural exports have been booming the past six months, while many sectors of the economy suffered because of the disruption caused by the Covid-19 pandemic.

Export of essential agricultural commodities in the first six months of the current fiscal rose 43.4% to Rs 53,626.6 crore from Rs 37,397.3 crore in the same period last year.

The official said that the balance of trade in April-September 2020 has been positive at Rs 9,002 crore as against trade deficit of Rs. 2,133 during the same period in 2019.

“On-month-to-month basis, export of essential agricultural commodities during September, 2020 has seen a jump of 81.7% in September at Rs 9,296 crore as against export of Rs 5,114 crore in 2019,” he said.

The jump in export is an outcome of the new agriculture export policy, which was launched in 2018.