Agri in India
India has improved its position in agricultural and food exports to 10th globally, backed by policy impetus by the government. "Exports of agricultural products are expected to cross US$ 22 billion mark by 2014 and account for 5 per cent of the world's agriculture exports," according to the Agricultural and Processed Food Products Export Development Authority (APEDA).
Total exports of Indian agri and processed food products from April 2012 to March 2013 stood at Rs 11,633,168.41 lakh (US$ 17.26 billion) as compared to Rs 8,248,025.32 lakh (US$ 12.23 billion) during the same period last year, according to the data provided by APEDA.
India recorded an increase of 22 per cent in the export of spices and spice-based products during 2012-13 to touch 699,170 tonnes, as against 575,270 tonnes in the previous financial year. The soymeal exports during June 2013 were 213,400 tonnes as compared to 180,900 tonnes in the same period of previous year registering an increase of 18 per cent.
Groundnut sowing in Gujarat has touched 1.41 million hectares as on July 1, 2013 as against 0.22 million hectares in the corresponding period last year, according to Agriculture & Co-operation Department, Government of Gujarat.
The foreign direct investment (FDI) inflows in agricultural services and machinery sector during April 2000 to June 2013 stood at US$ 1,620.65 million and US$ 337.21 million respectively, as per the data released by Department of Industrial Policy and Promotion (DIPP).