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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 India’s economic growth journey huge opportunity for international partners: Kwatra From diesel to daylight: How government solar schemes are powering India’s farmers The next energy leap: Replicating ethanol’s success in diesel Delhi EV Policy: Electric 3-Wheelers Only by 2027, 2-Wheelers by 2028 Windfall levy on export bound diesel, ATF raised India-flagged LPG tanker Jag Vikram crosses Strait of Hormuz after US-Iran ceasefire Muted pricing power, rising costs to curb benefits of demand in cement sector: HDFC Securities Central Railway to run four special local trains for Ambedkar Jayanti Cotton Association revises output estimates for 2025-26 up at 324 lakh bales of 170 kg each Agtech marketing in the age of regional content and creator communities Rajnath Singh, Nitin Gadkari to join 3-day agri event at Shivraj’s home turf, inaugurated today How agripreneurship will drive improved rural livelihoods in India World’s largest tur producer, yet an importer: A self-sufficiency puzzle unfolding on ground Ethanol in diesel generators: India’s next practical step towards energy security How sustainable sourcing can unlock value in India’s agri-value chains West Asia Crisis: Induction cooking may consume 13-27 GW power Govt defers power plant maintenance for three months; 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Good Food Institute of India report seeks focus on underutilised crop varieties
By BL Mangaluru Bureau · 2026-05-22 · via Economy News, Latest Economic News Today | The HinduBusinessLine

A white paper titled ‘R&D priorities in crop optimisation for smart protein applications’ by the Good Food Institute (GFI) India points to a wider basket of indigenous crops, including underutilised varieties, as a major opportunity due to their nutritional and agronomic potential.

The list of highly nutritious but underutilised crops included horse gram, winged bean, grass pea, lupin, bambara groundnut, and several indigenous millets and legumes. Many are naturally rich in protein and micronutrients, require lower agricultural inputs, and are more resilient to adverse climate conditions.

Padma Ishwarya S, Senior Scientist at GFI India and author of the whitepaper, highlighted the potential of these crops for emerging applications to produce low-cost sustainable plant proteins, including alternatives to conventional animal-based proteins, where most products today still rely on a narrow basket of crops such as pea, soybean, and wheat.

On-farm database

The National Gene Bank at ICAR-National Bureau of Plant Genetic Resources, New Delhi, currently conserves more than 4.52 lakh accessions of various crops and maintains a database of on-farm genetic diversity conservation efforts being conserved by farmers themselves.

A media statement said as India pushes for crop diversification to achieve nutritional security and agricultural resilience, it must think beyond the handful of familiar cash crops. The country was recently crowned the world’s largest rice producer, yet it remains dependent on imports for indigenous crops like pulses and oilseeds, while many others have all but vanished from plates.

The result is a food system that delivers calories without adequate nutrition, and a farm economy that remains vulnerable to climate stress and market shocks. Today, over half of the population’s protein intake comes from cereals, which are often missing essential amino acids like lysine, it said.

Even as the world marks the International Day for Biological Diversity on May 22 under the theme ‘acting locally for global impact,’ a vast majority of India’s agricultural biodiversity remains untapped in its domestic food systems, the statement said.

Recommendations

The whitepaper’s recommendations included increasing investment into breeding and genomics research, leveraging AI and machine learning tools to accelerate crop trait discovery, and building processing and supply chain infrastructure to create scalable, cost-effective ingredient streams for India’s smart protein sector.

The government must continue to support cross-disciplinary research and development and public-private partnerships that bring together agricultural scientists, food technologists, and industry players, it said.

As demand for protein rises globally, smart proteins offer a way to meet demand sustainably and safely, mitigating the concerns around affordability, climate impact, and public health arising from industrialised animal agriculture.

Countries like Canada, Australia, the Netherlands and China have leveraged this opportunity to dominate the growing global plant-based market. India, too, has the opportunity to emerge as a leading player if it capitalises on its indigenous and underutilised varieties to strengthen domestic ingredient supply chains, the whitepaper said.

Published on May 22, 2026