74% percent of total export target for 2022-23 achieved in eight months
The exports of agricultural and processed food products rose by 16 percent in the eight months (April-November) of the current Financial Year (FY) 2022-23 in comparison to the corresponding period of FY 2021-22.
According to the provisional data by the Directorate General of Commercial Intelligence and Statistics (DGCI&S), the overall export of Agricultural and Processed Food Products Export Development Authority (APEDA) products increased by 16 percent growth during April-November 2022 to $17.43 billion from $15.07 billion over the same period of the last fiscal.
The initiatives taken by the APEDA that works under the Ministry of Commerce and Industry have helped the country in achieving 74 percent of its total export target for the year 2022-23 in eight months of the current fiscal.
For the year 2022-23, an export target of $23.56 billion has been fixed for the agricultural and processed food products basket and an export of $17.435 billion has already been achieved in eight months of the current fiscal.
As per the DGCI&S provisional data, processed fruits and vegetables (F&V) recorded a growth of 32.60 percent (April-November 2022), while fresh fruits registered four percent growth in comparison to corresponding months of the previous year.
Also, processed food products like cereals and miscellaneous processed items reported a growth of 28.29 percent in comparison to the first eight months of the previous year.
In April-November 2021, fresh fruits were exported to the tune of $954 million that increased to $991 million in the corresponding months of the current fiscal. Exports of processed F&V jumped to $1310 million in eight months of the current fiscal from $988 million in the corresponding months of the previous year.
Image credit- istock