FOOD INDUSTRY

•  The food processing industry is one of the largest industries in India and is ranked fifth in terms of production, consumption, export and expected growth.

• The total food production in India is likely to double in the next 10 years with the country’s domestic food market estimated to reach $258 billion by 2015.

• Agriculture, which provides employment to 52% of the population, is estimated to account for 14% of the country’s gross domestic product (GDP).

• The Indian food industry which presently stands at close to $135 billion with a CAGR of 10%, is expected to touch $200 billion by 2015

• The Indian food and grocery market is the world’s sixth largest, with retail contributing 70% of the sales. It is projected to grow at the rate of 104%, touching $482 billion by 2020.