The Rise of India Inc. - Invest in the fastest growing economy to beat food inflation
08 Nov 2022
Gulfood Manufacturing
The Indian food processing industry has cumulatively attracted Foreign Direct Investment (FDI) equity inflow of about US$ 2.55 billion between April 2000-March 2022 (DPITT). The Indian agricultural sector is predicted to increase to US$ 24 billion by 2025. Indian food and grocery market is the world’s sixth largest, with retail contributing 70% of the sales. As per the second advance estimates, foodgrain production in India is estimated to be 316.06 MT in FY 2021-22. (IBEF)
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