The expanding horizon of India's food processing sector

India is one of the largest and fastestgrowing economies in the world and its food processing industry is playing a significant role in driving economic growth and ensuring food security.

- ANITA PRAVEEN

The nation has not only witnessed unprecedented growth and development but has also emerged as a global powerhouse propelled by a vibrant and diverse economy.

Owing to the progressive policy initiatives and interventions of the Government, the sector has shown remarkable performance in recent years, contributing 7.66 per cent to the gross value added (GVA) in manufacturing and 8.45 per cent to the GVA in agriculture as of the fiscal year ending 2022-23.

India stands as a significant player in global food production with its rich and diverse agricultural resources. Being the largest producer of several food commodities like milk, millet, food grains, fruits, vegetables, tea, and fish, it has created a strong foundation for the food processing industry. India's agri-food exports soared to an impressive $46.4 billion in financial year 2023-24, highlighting the sector's rapid growth and increasing global impact. The share of processed food in total agri-food exports has increased from $4.90 bn in 2014-15 to $10.88 bn in 2023-24.