Everyone of us knows from 100% more than 50% farmers are busy in cultivation of rice in their fields. Recently 2 varieties of basmati rice came to market so when farmers cultivated it they got good results. According to a report, the astonishing thing is the export value of these 2 varieties is Rs 2.36 lakh crore and contributed a healthy value to our revenue. Two Basmati rice varieties developed by IARI have contributed 70% of the total value of cumulative exports of long grain aromatic rice from India worth 2.38 lakh crore between 2010 and 2019, thus bringing benefit to farmers. India exported on an average 3.74 million tonne (mt) of Bas mati rice annually during the stated period, of total production of around 5 mt.
According to an analysis by IARI the economic value accrued because of Basmati rice, 1.66 lakh crore worth of export earnings between 2010 and 2019 was from the shipment of PB1121 and PB1509 rice varieties, while domestic sales were to the tune of Rs 51,501 crores in the same period.