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Key insights of the aviation industry of India in 2023:

* India accounts for approximately 26 per cent of global rice production, consumes approximately 22 per cent of global rice stocks, and contributes around 40 per cent of the world's rice exports1 . India exported a record 22.2 million tons in 2022

* India ranks second amongst the major rice producing countries in the world at 133 million tonnes in 23-24. China ranks first at 149 million tonnes and Indonesia ranks third at 34.5 million tonnes.

* The Food and Agriculture Organisation (FAO), a specialised agency of United Nation leads international efforts to defeat hunger globally, has reported that the global price of rice is at a 15-year high now.

* In the Kharif season, the area sown with rice rose from 38,919 thousand hectares in 2019 to 41,195.80 thousand hectares in 2023, with fluctuations in between. In the Rabi season, the area sown with rice also increased significantly over the years, from 2,539.00 thousand hectares in 2019 to 4,625.00 thousand hectares in 2023.

* India has emerged as the world’s largest rice exporter only in the last 10 years. India annually exports more than 4 million tons of basmati to Iran, Iraq, Yemen, Saudi Arabia, the United Arab Emirates and the United States, etc.

* India is responsible for about 40 per cent of the global rice trade with the banned items amounting to about 15 per cent.

* The most significant risk India faces is the threat of climate change, which can negatively impact crop yields, reduce the area under cultivation, and lead to droughts. Recent erratic monsoons and early summer heat-waves have already diminished rice yields.