Question
Download Solution PDFWhich of the following sentences is/are true?
i. The projected growth rate of the Indian agriculture sector for FY 2022-23 was 5.5%.
ii. During the Financial Year 2021-22, agricultural exports of India reached to about US$ 50.2 billion.
iii. During Kharif Marketing Season 2021-22, 581.7 lakh metric tons of rice was procured in India.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is Only ii and iii.
Key Points
- Agricultural Exports: During the Financial Year 2021-22, India's agricultural exports reached approximately USD 50.2 billion, reflecting a significant growth in the sector.
- Rice Procurement: During the Kharif Marketing Season 2021-22, India procured around 581.7 lakh metric tons of rice, indicating robust procurement policies.
- Growth Rate: The projected growth rate of the Indian agriculture sector for FY 2022-23 was not 5.5%; hence, statement i is incorrect.
Additional Information
- Agricultural Sector in India: The agriculture sector plays a crucial role in India's economy, contributing significantly to employment and GDP.
- Kharif Marketing Season: This season pertains to the agricultural cycle during which crops like rice are harvested, running from June to October.
- Export Growth: India's agricultural export growth is driven by factors like improved logistics, market access, and government support for farmers.
- Procurement Policies: Government procurement ensures stable prices for farmers and adequate food supply for public distribution systems.
Last updated on Jun 6, 2025
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