Festive demand lifts dry fruit, chocolate imports this season

India's imports of dry fruit and chocolate have seen a significant boost during the festive season. This increase is largely driven by a 10-12% annual rise in demand, with consumers taking advantage of reduced goods and services tax rates to purchase gourmet products. The surge in imports during this period accounts for a substantial share of annual purchases, highlighting the growing demand for these luxury items in the country. This trend is expected to have a positive impact on trade and the economy.

Why it matters

India's import of tree nuts and chocolates rose significantly during the festive season. This reflects a 10-12% annual demand increase, indicating strong consumer spending and a positive trend for the import market.

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