India’s
spices exports crossed the USD 2 billion mark in the fiscal year of 2011-12. It
has increased by a whopping 36 percent to USD 2.04 billion in value terms on account
of boost in value realization of spices, to be precise of Chili and Pepper.
In the year
ago fiscal, India had earned foreign exchange value of USD 1.5 billion from the
exports of spices. This is according to the latest data, which was eventually
released by the Spices Board of India itself.