January 1, 2025 4:55 PM

India’s tobacco exports surge to a record high of Rs 12,005 crore

India's tobacco exports have witnessed a surge of 87 percent over the past five years, reaching a record Rs 12,005.89 crore ($1.45 billion) in the 2023-24 fiscal year, compared to Rs 6,408.15 crore in 2019-20. This remarkable growth has resulted in a more than twofold increase in farmers' income, according to the Ministry of Commerce and Industry. Export volumes also saw a substantial increase, rising from 218.84 million kg to 315.51 million kg during the same period, the ministry said. "As th...