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28.05.24 13:04

Economy

The agrochemical sector in India to be expanded by 9%

India's exports are increasing

According to a survey by analytical services provider, India's agrochemical business, which is presently valued at approximately US$10 billion, is expected to reach more than US$14.5 billion by the conclusion of the 2027–2028 fiscal year. This is reported by ANI, a partner of TV BRICS.

India is currently the world's second-largest exporter of agrochemicals. The source claims that this consistent rise highlights India's expanding significance in the world market for agrochemical exports.

The source further states that in order to boost homegrown production, the Indian government has implemented a number of policies, such as designating agrochemicals as one of the top 12 industries and limiting the importation of unregistered pesticide formulations.

Photo: iStock

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Sergey Lavrov

Russian Foreign Minister

"A Joint Statement of the Foreign Ministers has been adopted. It provides a clear and principled assessment of the situation on the international stage and outlines the tasks that will be addressed in accordance with previous decisions by heads of state and governments. No one doubts that additional documents on sectoral areas of cooperation will be developed ahead of the SCO summit in Bishkek. Energy, artificial intelligence, healthcare and a number of other areas were also mentioned"

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India's Union Minister for Road Transport and Highways

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Prime Minister of Thailand

"Russia has been a trusted friend of Thailand for over a century. […] Next year, we will mark the 130th anniversary of the establishment of diplomatic relations between our countries. We will commemorate this important milestone with high-level exchanges, thereby reaffirming our shared commitment to an even stronger partnership for the benefit of our peoples"

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The agrochemical sector in India to be expanded by 9%

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