Business

India’s sugar export witnessed astounding growth of 291% in last financial year

India’s sugar export has witnessed an astounding growth of 291 per cent from 1,177 million US dollars in financial year 2013-14 to 4,600 million US dollars in the last financial year. It has exceeded 10 million tonnes for the first time. Ministry of Commerce and Industry said, sugar export jumped 65 per cent in the last financial year corresponding to its previous year, despite logistical challenges posed by COVID-19 pandemic.

Highlighting this historic achievement in a tweet today, Union Commerce and Industry Minister Piyush Goyal said, government’s policies are helping farmers increase their income by tapping global markets. The Ministry further said, country had exported sugar worth one thousand 965 million US dollars in 2019-20, which rose to two thousand 790 million US dollars in 2020-21 and four thousand 600 million US dollars in 2021-22.

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