India’s agricultural and food exports are expected to cross $55 billion annually, supported by a growing network of trade agreements that are expanding international market access for Indian products, Union Commerce and Industry Minister Piyush Goyal said.
Speaking at the 40th edition of AAHAR, the International Food & Hospitality Fair in New Delhi, Goyal said India currently enjoys preferential market access covering nearly two-thirds of global trade, strengthening its position as a global trade partner.
He noted that nine Free Trade Agreements (FTAs) concluded in the past three and a half years have created opportunities across 38 developed and prosperous countries. According to the minister, “the 9 FTAs we have finalized in the last three and a half years have opened the doors to 38 developed and prosperous countries, where there’s a large market awaiting all of you.”
Goyal added that these agreements are helping India integrate more deeply into global value chains, enabling Indian businesses to expand international trade linkages.
The minister highlighted that India’s exports of agricultural and food products have reached nearly ₹5 lakh crore, equivalent to over $55 billion annually. India currently ranks as the seventh-largest agricultural exporter globally.
Between 2014 and 2025, exports across several categories recorded strong growth. Processed food exports increased fourfold, pulses exports tripled, and processed vegetable exports rose four times. During the same period, fruit exports doubled, while rice exports expanded by 62%.
Goyal said the country’s current position in global agricultural exports is only the beginning, stating “All of this collectively encourages us to dream big to aspire big.”
Highlighting international cooperation, the minister said Italy is the partner country for this year’s AAHAR fair, adding that collaboration with Italian companies could help expand the global reach of Indian cuisine and agricultural products.
He also noted that Europe has opened its markets to Indian goods at almost zero duty in most cases or very low tariffs in a few cases, presenting new opportunities for exporters. Similar prospects exist in markets such as the United States, Australia and the European Free Trade Association countries including Switzerland, Norway, Liechtenstein and Iceland.
Goyal further confirmed that the government is finalising a trade agreement with Canada and is also in discussions with the six-nation Gulf Cooperation Council (GCC), developments that could further boost India’s agricultural and processed food exports.
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India’s agricultural exports are expected to exceed $55 billion as expanding trade agreements and global market access create new opportunities for farmers, fishermen and food exporters.
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Published on: Mar 11, 2026, 2:06 PM IST
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