Consider the following statements:
1. India is a net exporter of agricultural products
2. Tea is the largest export product in farm sector in India
Which among the above is / are correct statements?

Answer: [A] Only 1

India’s share in global farm/ food exports and imports is around 2.07% and 1.24% respectively. Thus, India is a net exporter of agricultural products. In terms of global agricultural and food exports, India’s rank is 10. The largest export product in farm sector in India is Basmati Rice; while largest import product includes edible oils. Place of marine products comes only after Basmati rice in India’s farm exports.

This question is a part of GKToday's Integrated IAS General Studies Module