Agricultural Exports to Double By 2030

Commerce Secretary Sunil Barthwal has predicted that India’s agriculture exports, which stood at over 50 billion US dollars currently, are expected to double by 2030 and reach 100 billion US dollars.

The country is targeting 2 trillion US dollars worth of exports of goods and services by 2030. “I am very sure that this 50 billion US dollars of agriculture exports of India today will see a doubling of our exports by 2030 to almost 100 billion US dollars,” he said at the IndusFood Show 2024. This is the largest food and beverage show in South Asia. The secretary said that areas like the ready-to-eat food segment have huge potential to grow. He also urged the industry to focus on the technical standard requirements of importing countries.

Inaugurating the show, Commerce Minister PiyushGoyal said that this fiscal year, the country’s agri exports will be more than last year’s level of 53 billion US dollars, despite restrictions imposed on shipments of certain key commodities, including non basmati rice, wheat, onions and sugar.

The export ban and restrictions on these commodities may hit exports of about 4-5 billion US dollars this fiscal. The government has prohibited exports of wheat and non-basmati white rice and has also imposed curbs on sugar exports.

Speaking at the event, Trade Promotion Council of India Chairman MohitSingla said that over 1,200 exhibitors and more than 7,500 buyers from across the world representing about 90 countries are participating in the three-day show