Finance Minister P Chidambaram said agriculture exports for 2013-14 were likely to cross $45 billion. This represents a growth of about 10 per cent over last year’s exports of $41 billion.
Presenting his interim budget for 2014-15, Chidambaram highlighted the ‘stellar performance’ of the agriculture sector and estimated agriculture growth for the current year at 4.6 per cent.
The agricultural credit for the current year was likely to touch ₹7.35 lakh crore, exceeding the target of ₹7 lakh crore. Chidambaram has set agricultural credit target of ₹8 lakh crore for 2014-15. Foodgrain production in the current year is estimated at 263 million tonnes, up from last year’s 255.36 million tonnes.