India Region

Agricultural exports touching Rs. 3.75 lakh crores a good sign: Union Agriculture Minister

06 July 2022, New Delhi: The Union Agriculture and Farmers Welfare Minister Mr. Narendra Singh Tomar virtually inaugurated the joint conference of the Indian Council for Research on International Economic Relations (ICRIER) and National Stock Exchange (NSE) from Gwalior today. On this occasion, Mr. Tomar said that as a result of the hard work of farmer brothers and sisters and farmer friendly policies of the government, today India stands among the top two producers in the world in terms of most agricultural products. He said that India’s organic products are in demand across the world and despite the adverse conditions like corona epidemic, agricultural exports from India touching Rs. 3.75 lakh crores is a good sign. In such a scenario, we must sustain the quality of our agricultural products and ensure it meets the global standards.

The conference on “Getting Agricultural Markets Right” has been organized jointly by ICRIER, one of the leading economic think tanks of the country, and the world’s largest exchange, – NSE. The chief guest, Union Minister Mr. Tomar said that India is a country with diverse climate and there is a possibility of very favourable weather for farming.

“As the use of drones increases, it will not only benefit the farming, but it will also help avert the chemical side effects on farmers’ health and create new employment opportunities. The government has launched several schemes for the benefit of farmers and they are being disbursed easy loans at low interest rates, the total amount of which is about Rs. 16 lakh crores at present. Similarly, under the Pradhan Mantri Fasal Bima Yojana, claim amount totalling Rs 1.15 lakh crore so far has been given to the farmers as compensation for the loss of their crops. It is our endeavour that the productivity of farmers should increase, for this the government is taking continuous steps,” he said.

Mr. Tomar expressed confidence that the best proposals would come out of the deliberations during the conference, which would guide the formulation of better policies. ICRIER Chairman Mr. Pramod Bhasin and NSE Managing Director and CEO Mr. Vikram Limaye also addressed the conference. ICRIER Chair of Agriculture, Professor Mr. Ashok Gulati proposed the vote of thanks. NSE Director and Chief Executive Dr. Deepak Mishra, NITI Aayog member Prof. Ramesh Chand were among the panelists and dignitaries present in the conference.

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