Is guggul cultivation profitable and how do I grow this medicinal plant?

Guggul (Commiphora wightii) is a slow growing thorny shrub of arid regions valued for its medicinal gum resin (guggul), used widely in Ayurveda, and it grows in dry, rocky, well drained land of Rajasthan, Gujarat and similar arid zones. It is extremely drought hardy and suits poor land, but you must understand the realities before planting: it is very slow, the resin is tapped only after the plant has grown for many years, over tapping and over exploitation have made wild guggul endangered, and the cultivation and tapping methods are still being standardised, so it is a long term, specialised crop with an uncertain return for a new grower. There is genuine and rising demand for guggul resin from Ayurvedic and pharmaceutical industries because wild supply has fallen, which supports the price, but cultivated yields per plant are small and slow. Treat it as a long term conservation cum medicinal crop, not a quick earner, secure a buyer in the herbal trade, start small, and get propagation and tapping guidance from a medicinal plants board, KVK or research station.