Data▲ Bullish for Indian equities
India’s food market: $600 bn estimate; 7% CAGR — from primary producer to high-value global processing powerhouse
The brief
- India’s food market is estimated at $600 billion, with 7% CAGR
- Agri-food exports are currently US$53 billion; experts see scope to more than double them
- Food processing and agricultural exporters could benefit from growth in value-added exports
- CII welcomes RoDTEP extension, seeks five-year policy horizon for exporters
- India steps up palm oil buying after import-duty cut spurs restocking
- Pulses import duties may ease over poor rains
- India's sunflower oil imports seen up 30% on duty cut, industry official says
- Govt may hike outlay under two key tax refund schemes for exporters to ₹2 trillion over five years