Agriculture Presentation: Information About Indian Agriculture & Its Importance

India has captured nearly 50% of the world market for rice in FY22.

Advantage India

Robust
Demand

* Factors contributing to the sharp growth in demand for processed foods include increasing urbanization, increasing disposable incomes, changing spending patterns/ priorities, the emergence of nuclear families, and the growing need for convenience foods in dual-income nuclear families.

* The demand for organic products in the Indian market is growing and is anticipated to rise with a CAGR of 25.25% between 2022-27.

* A total of 521.27 LMT rice has been anticipated for procurement for the upcoming KMS 2023-24, up from 496 LMT produced during the previous KMS 2022-23.

Attractive
Opportunities

* Entry of foreign players has been key to sustainable growth in some sectors such as dairy.

* Trends indicate a sharp increase in on-the-go eating, snacking in between meals, switching to healthier eating alternatives, pre-cooked ready-to-eat meals, and increasing consumption of organic foods. This has led to a host of new opportunities in the consumer foods market for both domestic and international companies to build a stake in this fast-growing processed food market.

Policy
Support

* Online, Competitive, Transparent Bidding System with 1.74 crore farmers and 2.39 lakh traders put in place under the National Agriculture Market (e-NAM) Scheme.

* A new sub-scheme of PM Matsya Sampada Yojana with a targeted investment of Rs. 6,000 crore (US$ 729 million) to be launched to further enable activities of fishermen, fish vendors, and MSEs, improve value chain efficiencies and expand the market.

* Through several Digital Initiatives, such as the National e-Governance Plan in Agriculture, the construction of Digital Public Infrastructure, digital registries, etc., the government hast aken various steps to ensure access to IT across the nation.

Competitive
Advantage

* India has access to several natural resources that provides it a competitive advantage in the food processing sector. Due to its diverse agro-climatic conditions, it has a wide-ranging and large raw material base suitable for food processing industries.

* In India, agriculture is the primary source of livelihood for ~55% of the population.

Last updated: Nov, 2023

Posters

MORE
THE WORLD'S FOOD BOWL

THE WORLD'S FOOD BOWL

India is the world's largest producer, consumer and exporter of spices

IBEF Campaigns

MORE
Gulfood Dubai 2023

Gulfood Dubai 2023

APEDA India Pavilion Gulfood February 20th-26th, 2022 | World Trade Centre,...

India Organic Biofach 2022

India Organic Biofach 2022

Ibef Organic Indian Pavilion BIOFACH2022 July 26th-29th, 2022 | Nuremberg, ...

Case Studies

MORE

Electric Vehicles Driving Sustainable Mobility In India

Electric Vehicles Driving Sustainable Mobility In India

Sustainable mobility (electric mobility) contributes to a significant role in the economic development of a nation and supports the improvement of the...

The emergence of India as a Global startup hub

The emergence of India as a Global startup hub

In recent years, India has rapidly emerged as a global powerhouse in the startup ecosystem. With a vibrant entrepreneurial spirit, a massive pool of s...

Impact of 5G Technology on Indian Industries

Impact of 5G Technology on Indian Industries

A surge of disruptive opportunities has been sparked throughout the world as a result of the quick and broad adoption of 5G technology. India, one of ...

IBEF BLOG

MORE
The transformation of the Transportation and Logistics Industry
22 Nov 2023

The transformation of the Transportation and Logistics Industry

Logistics Industry is crucial to both enterprises and the economy. In ...

Lithium-ion battery (LIB) manufacturing industry in India
22 Nov 2023

Lithium-ion battery (LIB) manufacturing industry in India

Energy storage technologies are predicted to play a major part in the decar...

Digital Advertising in India
10 Nov 2023

Digital Advertising in India

With its developing economy, India provides advertisers with several opport...

Partners
Loading...