Explanations:The value of agricultural products exported by a country is a critical economic indicator that reflects the country's agricultural productivity and its role in the global market. In the context of India, the agricultural sector is a significant contributor to the economy, providing employment and income to a large portion of the population.
In 2013, India's agricultural exports were valued at $ 38 billion. This figure represents the total value of agricultural products, including crops, livestock, and fisheries, that were exported from India to other countries. The value of these exports is determined by the quantity of goods exported and the prevailing market prices at the time of export.
The agricultural sector in India is diverse, with a wide range of products being exported. These include major crops such as rice, wheat, and pulses, as well as cash crops like cotton, tea, and spices. The export value is influenced by various factors, including domestic production levels, global demand, and international trade policies.
Understanding the value of agricultural exports is important for several reasons. It helps in assessing the economic health of the agricultural sector, identifying trends in global trade, and formulating policies to enhance agricultural productivity and competitiveness. For competitive examinations, such as UPSC, SSC, Bank PO, and CLAT, knowledge of such economic data is crucial for answering questions related to India's economic performance and global trade.
It is important to note that the value of agricultural exports can fluctuate from year to year due to changes in production, market conditions, and trade policies. Therefore, it is essential to refer to the most recent and accurate data when analyzing the performance of the agricultural sector.