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Increased Farm Exports in Q4 2020 : Key Points

Increased Farm Exports:

According to the Ministry of Commerce and Industry, farm exports have registered 9.8% growth for the period of April-December 2020.

  • Previously, the government of India launched the Remission of Duties or Taxes on Export Product (RoDTEP) scheme replacing Merchandise Exports from India Scheme (MEIS) to further improve exports.

Data for April-December 2020:

  • Overall merchandise exports: Registered 15.5% fall.
  • Farm exports: Registered 9.8% growth.
  • Overall merchandise exports include all the goods manufactured in India while Farm exports include only the agricultural products.