Export Performance of Spices in India:An Empirical Study

Spices has been a prime source of livelihood for millions of people and above 3 million farmers are engaged directly or indirectly in spices cultivation, processing, manufacturing grading, marketing and other allied activities. So the spices industry is a prominent place over the past seven decades. India is being a world largest producer and exporter. The sustainability of Indian spices industry is mainly depends on exports. India is now facing stiff competition from many developing countries. The Indian spices processing industry have the various problems like availability of raw material, unscientific production methods, Marketing problems etc. The world exports of spices fluctuated during the period under study. Indian spices exports have more than doubled in between 2008 to 2015. Thus many reasons can be attributed to the fluctuation of exports during this period, such as increase in food prices, inflation, world recession etc. However the actual exports gained momentum after 2011. The present paper reviews the export performance of Indian spices.