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Agriculture is known as the backbone of Indian economy accounting for 14.6% of the countrys Gross Domestic Product (GDP) in 2009-10, and 10.23% of the total exports.
Indias exports decrease 3.3% in 2009-10 According to APEDA, Indias agri-export turnover is expected to double in the next five years, to reach US$ 18 billion. At present, around 70% of the countrys agricultural and processed food exports are to developing countries in the Middle East, Asia, Africa and South America.
Commodity
Plantation Crops Tea Cereal Rice Spices Processed Foods
2008-09
1,081.77 585.42 3,344.62 2,454.09 1,391.62 1,824.93 951.53
2009-10
1,053.18 623.24 2,997.97 2,365.46 1,302.42 1,978.56 1,093.45
346.61 117.68
0.3
194.73 86.75
0
-43.82 -26.28
-99.74
Pulses
Wheat
Source: DGCIS
Export of pineapples from India Quantity(tons) Value (Rs. Lakh) 717 142.2 1623 201.7 1765 245.1 4407 515.4 3785 360.9 4195 339.7 3893 367.8
EXPORTS IN 2009-2010
Exports of floriculture, fresh fruits and vegetables, processed fruits and vegetables, animal products, other processed foods and cereals stood at US$ 7,347.07 million in 2009-10, according to data published by APEDA. India exported schedule products livestock products, other processed foods and cereals worth US$ 1.77 billion between April-June 2009-2010, according to APEDA.
The export of spices April-August 2010 increased 13 per cent in volume. According to the latest estimates of the Spices Board, a total of 239,850 tonnes, valued at US$ 564.85 million, was exported as against 211,950 tonnes valued at US$ 450.50 million in April-August 2009.
According to Mr Subodh Kant Sahai, Union Minister for Food Processing Industries, foreign direct investment (FDI) in food processing is likely to rise 27 per cent to US$ 264.6 million in 2010-11. "This year, FDI is expected to cross Rs 1,000 crore and touch Rs 1,200 crore,"