New Delhi, Jan. 16 -- India has set an ambitious target to quintuple its turmeric exports from USD 207.45 million in 2022-23 to USD 1 billion by 2030, according to a joint report by the Indian Council for Research on International Economic Relations (ICRIER) and Amway India.

The report, titled "Making India the Global Hub for Turmeric," outlines strategic initiatives to overcome current challenges in the sector while strengthening India's position in the global market.

Despite India's dominant position as the world's leading producer, consumer, and exporter of turmeric, accounting for over 70 percent of global production with 11.61 lakh tonnes in 2022-23, the sector faces significant challenges.

Farmers struggle with insufficient post-...