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The agricultural exports of India have fallen from $43.23 billion in FY 2013-14 to $33.87 billion in FY 2016-17. This was informed by Commerce and Industry Minister Nirmala Sitharaman to the Rajya Sabha in a written reply.
She also notified the Parliament in her letter that the main reason for this fall in export is low rates of commodities in the global market which has made Indian exports uncompetitive.
There is, however, an increase in the import of agricultural products that include the marine products and the plantations. The agricultural imports of India rose from $15.03 billion in FY 2013-14 to $25.09 billion in FY 2016-17.
The minister also added that the import and export of the agricultural commodities depend on many factors like the demand and supply in global and domestic markets, availability, and quality of the product.
“Edible oils and pulses, which are in short supply in India, account for the bulk of India’s import of agricultural products,” the minister explained.
Also in another written reply, Sitharaman told that the chunk of agricultural exports in the total exports of the country has fallen slightly in the last three years.