Volume - 13 | Issue-1
Volume - 13 | Issue-1
Volume - 13 | Issue-1
Volume - 13 | Issue-1
Volume - 13 | Issue-1
Agriculture is the prime source of livelihood, constituting 58% of the country's population. The Gross Value Added by agriculture, forestry, and fishing was estimated at Rs. 19.48 lakh crore in FY20. The share of agriculture and allied sectors in the gross value added (GVA) of India at current prices stood at 17.8% in FY20. The Indian food industry is poised for significant growth, increasing its contribution to world food trade each year, thanks to its immense potential for value addition, particularly within the food processing industry. The 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 35% of the country's total food market and is one of the largest industries in India. It is ranked fifth in terms of production, consumption, export, and expected growth. In FY21, the total agricultural and allied products exports stood at US$ 41.25 billion