Growth of Export of Agricultural and Processed Food Products in India, 2022-23

Abstract

Continuing with the trend from the previous year, the exports of agricultural and processed food products rose by 14 percent in the rst three months of the current Financial Year 2022-23 (April-June) compared to the corresponding period of FY 2021-22. For the year 2022-23, the government had set an export target of USD 23.56 billion for the agricultural and processed food products basket under APEDA. e initiatives taken by the Ministry of Commerce & Industry have helped the country in achieving 25 percent of the total annual export target in the rst three months of the current scal. According to the Quick Estimates data released by the Directorate General of Commercial Intelligence and Statistics (DGCI&S), the overall export of products under APEDA ambit (Agricultural and Processed Food Products Export Development Authority) increased to USD 5987 million in April-June 2022 from USD 5256 million over the same period of the last scal.