Revenue growth of basmati industry to moderate to 4% this fiscal from 20% seen last fiscal, says Crisil

India's basmati industry is set to see a revenue growth of around 4% this fiscal, reaching nearly Rs 70,000 crore. This growth is driven by policy support, rising demand, and lower input costs. The removal of the minimum export price will boost exports, while domestic sales are expected to rise due to increased demand from the HoReCa segment.