India exported tobacco worth $1.2 billion, becoming the largest tobacco exporter in the world. Within just two years, Indian tobacco exports surged from the third position in 2022 to the top spot by 2024. Government data reveals that in FY 2023-24, tobacco exports grew by an impressive 19.46 percent. In June, Union Commerce and Industry Minister Piyush Goyal announced that the export value of unmanufactured tobacco and tobacco products had reached a record-breaking Rs 12,005.80 crore ($1.5 billion), reflecting an increase of 11.3 percent in rupee terms and 19.5 percent in dollar terms.
