The multifaceted aspects of millets, emphasising their potential as a transformative force in enhancing economic and nutritional security for smallholder farmers, are now emerging globally. According to the FAO, as of 2021, the number of undernourished people worldwide had increased to 768 million due to the COVID-19 pandemic. Millets, comprising a group of small-seeded grasses, have historically played a crucial role in Indian agriculture and culture, providing sustenance and food security in diverse agroclimatic regions. The current millet production scenario in India showcases a revival of interest in millets driven by their nutritional benefits and climate resilience. In 2021, the millet acreage in India was globally the highest (9.76 million hectares), followed by Niger (6.14 million hectares) and Sudan (2.8 million hectares). Additionally, their cultivation requires fewer inputs, making them environmentally sustainable and economically viable for smallholder farmers. The health benefits associated with millet consumption, as well as their scope for value addition, make it a hot commodity for the global market. Policy support and incentives aim to revitalize millet cultivation such as the "Millets And Other Ancient Grains International Research Initiative (MAHARISHI)" proposal presented by India during the 2023 G20 Summit. Furthermore, strengthening the millet value chain through infrastructure development, market linkages, and capacity building can enhance the profitability and sustainability of millet farming.