Exports of Ayush and herbal products from India during the fiscal year 2024-25 grew 5.86 per cent, with the quantity growing almost 21.46 per cent as compared to the previous fiscal year. The exports, during the fourth quarter of the fiscal year ended March 31, 2025, reported a decline as against the exports during the same period a year ago.
According to data from the ministry of commerce and industry, the exports of Ayush and herbal products during the fiscal year 2024-25 stood at $689.34 million, as compared to $651.17 million reported during the previous fiscal year.
The quantity during FY25 grew to 1,28,738 MT, as against 1,05,984 MT exported in the previous fiscal year.
In Rupee terms, the growth was around 8% to Rs 5,831.4 crore during the fiscal year, as against Rs 5,391.42 crore during the previous fiscal year.
For the quarter ended March 31, 2025, the exports was $179.83 million, reporting a decline of 4.14 per cent against $187.59 million in the same quarter a year ago.
Quantity of exports grew 15 per cent during the quarter, at 36,063 MT as against 31,352 MT reported in the corresponding quarter of previous fiscal year.
In Rupee terms, exports grew marginally to Rs. 1,558.2 crore during the quarter in comparison with Rs. 1,557.5 crore in the same period last year.
As reported earlier, India’s export of Ayush and herbal products has reported a growth of 3.6 per cent during the fiscal year 2023-24, at $651.17 million as compared to the same period of previous year.
The country reported exports of 10.63 crore kilograms of Ayush and herbal products during 2023-24, as compared to 12.25 crore kilograms of exports during the previous year.
In terms of value, it has gone up from $628.54 million in 2022-23. The year 2022-23 registered a growth of 2.68 per cent in exports, from $612.12 million in the previous year.
The country has seen exports shooting up in two years during the fiscal years 2020-21 and 2021-22, before reporting a lower growth rate, according to official data.
During 2020-21, the sector registered a growth of 26.12 per cent growth in exports, to $539.88 million from $428.08 million exports reported during the previous year. The exports then reported a growth of 13.38 per cent in 2021-22, at $612.12 million, says data from the Centre.
The Ministry of Ayush has established Ayush Export Promotion Council (Ayushexcil) to promote Ayush products and services globally by the Ministry of Ayush and supported by the Union Ministry of Commerce. It was officially launched at Global Ayush Investment and Innovation Summit held in Gandhinagar, Gujarat on April 20, 2022, and aimed to oversee exports of products of Ayurveda, Homoeopathy, Siddha, Sowa/Rigpa and Unani systems and address trade issues pertaining to these sectors.
