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Posted by Admin on April, 25, 2022
Agriculture is an important sector of Indian economy. It is the primary source of livelihood for about 58% of India’s population. 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. 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.
India is among the 15 leading exporters of agricultural products in the world. India is the world's second-largest producer of rice, wheat, sugarcane, cotton, groundnuts and fruits & vegetables. It also produced 25% of the world's pulses, as of last decade, until 2019. The Indian spices and food items are in huge demand all around the world – Rice (basmati/non-basmati), wheat, vegetables, fruits, pulses, guar gum, processed fruit juice, processed vegetables, dairy products, meat etc.
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