PM Modi’s farm exports target: Difficult but achievable

India’s agriculture exports will have to grow at a compounded annual growth rate of 25% over the next 3 years to achieve the target of doubling farm export by 2022, which is crucial to the target of doubling farmers’ income by 2022.

The NDA government is facing a daunting task to meet Prime Minister Narendra Modi’s ambitious target of doubling farm exports to $60 billion by 2022.

India’s export of agriculture and allied products was 16% lower in 2017-18 compared with the peak of $32.95 billion achieved in 2013-14, according to commerce ministry data. The ambitious target looks even more diificult with the exports growing at a paltry 1.19% in the first seven months of the current financial year.