Spices market is very complicated market because of its history and important landmarks, its importance and uses, different forms and variety, different players, high international demand, and high export. It is not at all an exaggeration to say that the history of the world is highly obliged to the history of spices. Spices led to many adventurous and resulted in the discovery of many continents, economic rivalries and in certain cases economic tie up. It may be useful to point out that India is largest producer, consumer and exporter of spices in the world. Lack of regulation and its great potential in livelihood, employment and foreign exchange make spices market very important aspects. Keeping this in mind, overview of spices market in India are given in context of important historical landmarks, importance and uses, classification, growing state, area and production, futures market and export of Indian spices.