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Role And Significance Of Spices In Indian Economy: An Empirical Study

Year: 2026
Type: article
Abstract: India is usually referred as ‘spice bowl of the world’ owing to the cultivation of 75 varieties of spices out of 109 shortlisted by International Organization for Standardization(ISO) and it is also for her production of different variety and superior quality spices India has highest number of spice varieties in the world (Ralte and Ekhe,2022;Anantha and Sidana,2019).India produces more than 100 Lakh MT of spices, of which, about 15.78 Lakh MT (15%) is exported to more than 180 countries. Despite the COVID Pandemic, spices export from India continued its upward trend during 2020-21, attaining an all-time high of US $ 4.0 billion mark for the first time in the history of spices export. During 2021-22, the export of spices/spice products from India was 15,31,154 tons valued `30,576 crore (4102.29 million US$) (Ministry of Commerce and Industry, Government of India, Spice Board, India,2023).
Open Access status: green
OpenAlex ID: W7218446989
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