The humble banana along with ghee, furniture, office stationery and solar photovoltaic (PV) modules are spicing up India’s exports basket as, despite a small base, their shipments are growing fast. While engineering goods, pharmaceuticals, gems and jewellery, and electronics are the key drivers of goods exports, these new sectors are giving the country’s overseas sales that extra push.

India aims to cross $1 billion of organic product exports next year and the country is exploring Mutual Recognition Agreements (MRAs) in sensitive exports like fisheries which face higher rejections, an official said Wednesday.

After nearly five months, India's trade with Bangladesh resumed through Assam's Sribhumi district, despite ongoing reports of atrocities against Hindu minorities.

The share of processed food exports within agri-food exports has significantly increased, rising from 13.7 per cent in 2014-15 to 23.4 per cent in 2023-24.

India has witnessed a tenfold rise in exports of bananas in the past decade and is now targeting $1 billion in banana exports in the next five years after successful trial shipments to the Netherlands via the sea route, according to the Centre’s Agricultural and Processed Food Products Export Development Authority (APEDA).

Nearly three years after repealing the reform-oriented farm laws due to farmers' protest, Centre has now come out with a draft national policy framework on agriculture marketing suggesting states move towards a 'unified national market for agriculture produce' through single licensing /registration system and single fee.

Traditionally a tea exporter, India is making significant inroads into the global coffee export market with total exports during the current financial year up to November crossing the $1-billion mark for the first time, according to data from Centre for Monitoring Indian Economy (CMIE).

Prime Minister Shri Narendra Modi today said that India was rising as a symbol of progress and resilience and earning global recognition for its economic progress

India's overall exports of goods and services in 2024 has estimated to cross USD 814 billion, an increase of 5.58 per cent, according to a report by economic think tank Global Trade Research Initiative (GTRI). In 2023, the country's merchandise and services exports stood at USD 768.5 billion.

The commerce ministry's arm APEDA has revised the NPOP's regulations to make it more farmer-friendly and help India achieve USD 2 billion exports target for organic food products by 2030, a government official said.