Explained: India’s agriculture exports

News Snapshot:

India’s agriculture exports have risen 6.5%, from $35.2 billion in April-December 2023 to $37.5 billion in April-December 2024. That’s more than the 1.9% overall increase in the country’s merchandise exports for this period. That said, the difference is even starker in imports. While India’s total goods imports during April-December 2024 were 7.4% up over April-December 2023, there was an 18.7% rise in imports of farm produce (from $24.6 billion to $29.3 billion) for the same period. The agricultural trade surplus has thus reduced from $10.6 billion in April-December 2023-24 to $8.2 billion for the corresponding nine months of the current...