In India's northeastern forests, agarwood—known as oud or eaglewood—is emerging as a high-value commodity with transformative potential for the nation's economy and rural farmers. Drawing from the National Development Framework (NDF) in the Agarwood India book, a key resource on sustainable cultivation, and projections for India's Budget 2026, this analysis explores how the sector could drive growth, while highlighting farmer empowerment and economic opportunities. Agarwood, derived from fungus-infected Aquilaria trees, is prized for its aromatic resin used in perfumes, incense, and medicine. It estimates India's current output at ₹500 crore annually, with potential to reach ₹5,000 crore by 2030 through 10,000 hectares of plantations in states like Assam, Tripura, Sikkim, West Bengal and Meghalaya. It emphasizes ethical farming techniques, such as artificial inoculation, to boost production without harming biodiversity, positioning India as a global leader i...
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