Added on : 2018-08-02 11:44:30
Farm exports have risen dramatically, reversing the trend of falling trade surpluses in the last three years. Agricultural trade surplus, i.e exports minus imports relating to farm commodities has improved in 2017-18 and also the first quarter of this fiscal, after deteriorating in the last three years. According to data released by the Commerce Ministry, India exported agricultural commodities worth $38.74 billion, as against imports of $24.89 billion, in fiscal year 2018. Farm trade surplus in the year of $13.85 billion was higher than the $8.05 billion and $10.23 billion figures for 2016-17 and 2015-16, respectively. However, the figures were below the $ 17.93 billion in 2014-15, the first year of the Narendra Modi-led government, and the all-time-high of $ 27.72 billion in 2013-14, the last year of the Congress-led United Progressive Alliance (UPA) regime.