Chilly is the dried ripe fruit of the genus Capsicum. Capsicum annuum is an annual sub â??shrub, the flowers of which are borne singly and fruits usually pendent, which provide red peppers, cayenne, paprika and chilies and sweet pepper (bell pepper) a mild form with large inflated fruits. India is the greatest consumer and largest producer of Chilly in the world. Around 90% of Indiaâ??s production is consumed within the country. India exports around 80000 â?? 100000 tons of chilies a year. India exports chilies in the form of dried chilies, Chili powder, picked chilies and Chilly oleoresin. Indian Chilly is mainly exported to Sri Lanka, USA, Canada, UK, Germany, Bangladesh, the Central Asia and the Far East.