Current Affairs - Economy - Discussion
Discussion Forum : Economy - Latest Current Affairs (Q.No. 79)
79.
What percentage of the global seasoning market does India hold?
Answer: Option
Explanation:
India, despite being the largest spice producer globally, holds just 0.7% of the global seasoning market. This low market share is largely due to the country's focus on raw spice exports rather than processed or value-added products. Only 48% of India's spice exports are processed, and there are concerns regarding the quality of products, such as instances of adulteration and pesticide residues. Addressing these issues and increasing value addition in exports could help India gain a larger share of the global seasoning market.
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