Union Budget 2026: India’s Cashew Revolution to Boost FMCG & Dry Fruit Growth

Vikas D Nahar, founder of Happilo

Vikas D Nahar, Founder of Happilo, says:
"The 2026 Union Budget has delivered a masterstroke for the dry fruit sector, designating cashew production as a primary growth engine to disrupt the global trade.

With a strategic focus on the entire value chain, the government aims to challenge Vietnam’s 50%+ global export dominance and transform India into a premium global brand by 2030.

Key Benefits:

• Sustaining Margins: By incentivizing domestic cultivation, the budget slashes reliance on costly raw material imports, significantly improving bottom-line margins for agri-processing players and FMCG firms.
• Raw to Refined: A massive push for local processing infrastructure ensures value-added margins, pivoting the nation from a bulk supplier to a high-value exporter.
• Rural Growth: This "Cashew Kartavya" initiative is set to revitalize rural economies, boosting farmer incomes and driving consumptions."