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.