India is setting an ambitious target of 9% growth in edible exports this fiscal, government sources told CNBC-TV18. Despite global tariff challenges and geopolitical uncertainties, authorities are confident that demand from overseas markets will keep the momentum strong.
Diaspora Demand as Engine The Growth
Officials highlighted that staples like basmati rice, namkeens, and processed foods enjoy inelastic demand, particularly among the South Asian diaspora in Western markets such as the US. With over four crore people of Indian origin living abroad, high per capita consumption is expected to sustain export growth.
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Government’s Broader Vision
Commerce and Industry Minister Piyush Goyal had earlier noted that India’s agricultural and fisheries exports, currently valued at ₹4.5 lakh crore, hold potential to rise to ₹20 lakh crore through stronger supply chains, improved irrigation, and value addition. The ministry also sees spices, coffee, and millets as future growth drivers, supported by better branding and processing.
Ready-to-Eat Foods in Focus
The government has identified ready-to-eat foods as a key export segment. Authorities are encouraging the domestic food industry to adapt to technical standards in target markets to boost competitiveness.
Market Insights & Update
While tariff headwinds, especially from the US, pose challenges, inelastic diaspora-driven demand offers a strong cushion. Market experts believe India’s focus on processed and packaged foods could open new opportunities in global trade.
Key Insight: India’s edible exports strategy relies on diaspora consumption power, positioning processed foods and staples as pillars of growth despite tariff hurdles.
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