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Economy News, Latest Economic News Today | The HinduBusinessLine

GE, HAL clinch tech deal on joint jet engine plan India rejects USTR allegations, seeks termination of Section 301 probe Indian automobile sales record highest-ever sales in FY26, first time after FY19: SIAM Madhya Pradesh CM says basmati rice from the State is exported to 47 nations 63 Moons’ cybersecurity arm pilots GPS-spoofing solution at Indian airports Highways ministry notifies amendment to streamline fee for overloaded vehicles on NHs Global aviation crisis deepens as fuel shortage, Iran conflict hit airlines TRI launches agri-voltaic project to help farmers earn double income Hotel industry to hit $31 billion in 2029; listed hotel firms set to add 70k rooms by 2030: CBRE Temperatures may trend up over North-West, Central India until weekend Reduction in airport tariff credit neutral, minimal impact on revenue: Ind-Ra Global coffee prices rise as fertiliser costs and West Asia tensions threaten supply Bluspring Enterprises to acquire LSG Sky Chefs India, enters aviation catering sector China says policy to improve relations with India remains unchanged amid Arunachal naming row Research firms divided over impact of below normal monsoon on food inflation Unnat Krishi Mahotsav concludes, farmers to emerge as energy, fuel & hydrogen providers, says Gadkari Airlines may get ₹5,000 crore credit support under proposed ECLGS variant How kashmir’s breakthrough is making Gucchi mushroom farming possible Centre not taking away State’s power on bonus for agri produces, says FM Sitharaman Carriers cut flights on cost pressures, uncertain demand GE Aerospace scales AI from pilots to production; India anchors global capability West Asia crisis may push India’s current account deficit to 2% of GDP: Crisil Tax Dept to resume Tiger Global reassessment, says GAAR relief won’t alter SC ruling Ceasefire talks fail to restore vessel movement in Strait of Hormuz, fate of 599 ships remain inconclusive DMRC launches mid-life refurbishment of Blue Line trains to enhance safety and passenger experience Retail inflation likely rose 3.5-4% in March India-UK free trade pact may come into force from second week of May: Official 'West Asia war a good opportunity for energy reforms, lower costs for industry' India’s marine exports surge to ₹62,408 crore in 2024-25, Govt sets ₹1 lakh crore target PM Modi to inaugurate Dehradun-Delhi Expressway on April 14
Aatmanirbhar Bharat: India’s golden opportunity in corn a...
2026-04-25 · via Economy News, Latest Economic News Today | The HinduBusinessLine

As I reflect on my three decades in the food industry, I am witnessing an unprecedented transformation in India’s agricultural landscape. Today, I write not just as the Managing Director of Gourmet Popcornica, but as someone who hails from a farming community deeply invested in India’s journey toward self-reliance – Aatmanirbhar Bharat. The corn agri-business sector presents our nation with a golden opportunity to emerge as a global powerhouse.

When Prime Minister Modi launched the Aatmanirbhar Bharat initiative, several sectors scrambled to understand their role. For us in the maize agri-business, the path was crystal clear. India produced approximately 46.4 million tonnes of corn in FY26 (www.upag.gov.in) – of various varieties – annually, ranking fifth globally. Of this, popcorn maize is about 130,000 tonnes. Yet, we have barely scratched the surface of our potential. This is our moment to transform from being mere producers to becoming value creators on the world stage.

As the largest producer of popcorn maize, we've seen how Indian corn can compete globally when processed with innovation and quality. It is the result of understanding that Aatmanirbhar Bharat is not about isolation, but about building capabilities that make us globally competitive. The corn value chain offers immense possibilities beyond traditional food applications.

Aligning with sustainability

From bioethanol production supporting our renewable energy goals to biodegradable packaging materials addressing environmental concerns, corn-based industries align perfectly with India’s sustainable development objectives. We are looking at a sector that can simultaneously boost farmer incomes, create rural employment, reduce import dependency, and contribute to environmental protection.

However, realising this potential requires strategic interventions. First, we must invest in research and development of high-yielding, climate-resistant corn varieties suited to India’s diverse agro-climatic zones. Our farmers deserve access to the best seeds, and our food processors need consistent, quality raw materials. The government’s recent allocation of ₹1,400 crore for agricultural research is a step in the right direction.

Second, we need robust infrastructure development. Cold storage facilities, modern processing units, and efficient logistics networks are essential for reducing post-harvest losses, currently estimated at 15-20 per cent for corn. Every grain lost is not just economic waste – it is a missed opportunity to strengthen our self-reliance.

Third, skilling and technology adoption must go hand in hand. Offering farmers high-quality input in the form of seed and plant nutrition, training in best practices and introducing them to precision agriculture techniques can increase yields by 25-30 per cent and yield higher incomes. It has also encouraged younger generations to choose farming as a career choice. When farmers prosper, the entire value chain strengthens.

Extending beyond exports

The global corn market was valued at approximately $310–320 billion in FY26, with processed corn products commanding premium prices. Countries like the US and Brazil have built their agricultural economies around corn exports. India, with our vast arable land, diverse climate zones, and growing technological capabilities, can capture a significant share of this market.

But our vision must extend beyond exports. As India’s middle class expands and dietary preferences evolve, domestic consumption of corn-based products – from breakfast cereals to snacks like popcorn – is growing at 8-10 per cent, annually. This domestic demand provides a solid foundation for industry growth while we build export capabilities.

The success of Aatmanirbhar Bharat in corn agri-business will be measured not just in production volumes or export revenues, but in the transformation of rural livelihoods. When a farmer in Maharashtra can sell premium corn to a processor in Karnataka, who then exports value-added products to global markets, we create an ecosystem of shared prosperity.

Today, I am more optimistic than ever about India’s corn agri-business potential. With continued government support, private sector innovation, and farmer participation, we can make India a global hub for corn-based industries. The seeds of self-reliance we plant today will yield a harvest of prosperity for generations to come.

The journey toward Aatmanirbhar Bharat requires vision, commitment, and collective action. In corn agri-business, we have all three.

The author is Managing Director, Gourmet Popcornica Pvt. Ltd.

Published on April 26, 2026