In 2022-23, processed food exports from India amounted to $10.6 billion, increasing at 22.4% compound annual growth rate in five years while the overall agricultural and food exports were around $53 billion, growing 6% year-on-year. India aims to increase agricultural exports to $100 billion by 2029-30 from around $53 billion now.
Praising India s diverse food industry and the burgeoning demand for Indian foods globally, the minister emphasised on the need for large-scale food processing, product branding and export focus to provide better value to farmers, generate employment and enhance the country s earnings.