Indian food and grocery market is the world’s sixth largest, with retail contributing 70% of the sales. ![]() The Indian food processing industry accounts for 32% of the country’s total food market, one of the largest industries in India and is ranked fifth in terms of production, consumption, export and expected growth.Īccording to Inc42, the Indian agricultural sector is predicted to increase to US$ 24 billion by 2025. The Indian food industry is poised for huge growth, increasing its contribution to world food trade every year due to its immense potential for value addition, particularly within the food processing industry. Thus, farmers become an integral part of the sector to provide us with a means of sustenance.Ĭonsumer spending in India will return to growth in 2021 post the pandemic-led contraction, expanding by as much as 6.6%. The agriculture sector in India holds the record for second-largest agricultural land in the world generating employment for about half of the country’s population. It is the second-largest producer of fruit, vegetables, tea, farmed fish, cotton, sugarcane, wheat, rice, cotton, and sugar. India has the world's largest cattle herd (buffaloes), the largest area planted for wheat, rice, and cotton, and is the largest producer of milk, pulses, and spices in the world. ![]() India is one of the major players in the agriculture sector worldwide and it is the primary source of livelihood for ~55% of India’s population.
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