As we all know, higher growth in outbound shipments helps for the sophistication of the country by creating several employment opportunities, earning foreign exchange, and boosting economic activities. After knowing this, if you are looking to start an export-import business in India or with the Indian market, then you need to be aware of the main export products from India to other countries. The 5 booming products to export from India are:-
4. Processed food
5. Fruits and vegetables
India is known as the home of spices and has a long history of trading with the ancient civilizations of Rome and China. Today, Indian spices are the most sought-after globally, given their exquisite and enchanting aroma, fine flavors, unique texture, exotic taste, and medicinal value. India is the world’s largest exporter of spices, the country produces about 75% of the 109 varieties listed by the International Organization for standardization and accounts for more than half of the global trading in spices. India exported 8,43, 255 tones of spices worth of Rs. 162.38 billion.The main spices that India exports are red chilies, turmeric, cumin, garam masala, cinnamon, cardamom, other masala blends, and ready to mix blends. It is a lucrative export business opportunity for spice business in and with India.
India is not only the largest producer of cereals but also the leader in the export business of cereal products in the world. The major cereals that India deals with are- wheat, paddy, sorghum, millet(bajra), barley, and maize. Iran is the major importer of Indian cereals during the past few years. The huge demand for cereals in the global market is creating an excellent environment for the exporters of cereals in and with India.
India is the 4 th largest seafood exporter in the world with an uninterrupted cold chain which is important in preserving seafood for longer periods and to avoid losses and spoilage. In recent years, despite the impact of the coronavirus pandemic and global financial crisis, the Indian seafood industry has still achieved significant development steps and has become one of the main export industries of the country. The output value of shrimp exports increased sharply, and lobster productivity was very high.
4. Processed food:-
The food processing sector is considered as one of the largest sectors in India in terms of production, growth, and exports. And the Indian processed food industry is mainly export- oriented which exports nearly Rs. 31111.90 crores. The India processed food includes the processing of fruits & vegetables, spices, meat & poultry, milk & milk products, alcoholic beverages, fisheries, plantation, grain processing, and other consumer product groups like confectionery items, chocolates, and cocoa products, soya-based products, mineral water, and high protein foods, etc. India opens gates for those businesses that want to reap benefits out of the processed foods.
5. Fruits and vegetables:-
Over the years, India had built a solid experience in transporting perishable cargo like fruits and vegetables to other countries. India adopts a chemical-free way to protect the fruits from pests and spoilage. It provides the best quality of fruits and vegetables through high standardized control procedures. For protecting the freshness of the fruits and veggies continuous investments in the latest technologies are made. This ensures the product quality provided by India to other countries.
The success of any business concern lies in choosing the right product and the right market. The
investment in these 5 booming products in India will help you to get ample amounts of profits.