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India's ag exports predicted to reach $100B by 2022

India's agricultural sector has a potential to double farmer income and grow exports to USD 100 billion by 2022 from the present USD 36 billion, according to industry experts.

"India ranks second globally in agricultural production at USD 367 billion and we have potential to double farmer income and increase exports to USD 100 billion by 2022.

"Globally, exports in agricultural products are worth over USD 1,500 billion annually as per the latest data from WTO and India's share is less than USD 35 billion at present," said Crop Care Federation of India (CCFI) president Rajju Shroff.

"We have urged the government to increase focus on trebling India's share in agri exports to double farmer income by 2022," Shroff, who is also the MD of United Phosphorus Ltd, told reporters here.

A report, prepared by city-based not-for-profit organisation the Centre for Environment and Agriculture (Centegro), also emphasised the need to raise India's share of global agri exports to increase farmers' incomes automatically.

source: moneycontrol.com
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