5th Largest economy in the world as of 2020 (World Bank)
5th Largest destination country for FDI inflows among the developing countries (UNCTAD)
For the first time, India has crossed the $70 Bn mark in FY 2019-20 and recorded total FDI inflow of USD 73.45 Bn
India to remain one of the fastest-growing economies in the world with a projective growth of 8.8% for 2021 (IMF)
India’s position improved from 142nd in 2014 to 63rd in Doing Business 2020 rankings
2nd Largest road network in the world with a total road network of 5.89 million kms
4th Largest railway network in the world with more than 67,000 kms of rail length
Sectors such as Energy (24%), Roads (18%), Urban (17%) and Railways (12%) amount to around 71% of the projected infrastructure investments in India
The National Infrastructure Pipeline will attract investments into infrastructure and will be crucial for attaining the target of becoming a $5 Tn economy by FY 2025
By 2030, it is estimated that around 42% of India’s population would be urbanized from 31% in 2011 (World Bank)
India will continue to have one of the youngest populations in the world till 2030 (UN Population Fund)
Total enrolment in higher education has been estimated to be 37.4 million with 3rd Largest group of scientists & technicians in the world
There are 993 Universities, 39931 Colleges and 10725 Stand Alone Institutions as per All India Survey of Higher Education, 2019
“With the government’s focus and a favorable policy ecosystem, the food processing sector has been growing at an :
Average Annual Growth Rate (AAGR) of around 8.41 %³ between 2014-18
The sector overview of the Food Processing Sector constitutes 8.83 %⁴ and 10.66 %⁵ of gross value added in manufacturing and agriculture sector respectively
The Indian food industry’s output is expected to reach USD 535 Bn ⁶ by 2025-26.
Rising household incomes, urbanization and the growth of organized retail are currently some of the major drivers of this market
According to the latest Annual Survey of Industries (2016-17), food processing accounted for :
15.95 % of the total number of factories
Employment to 11.36 % of the workforce
14.09 % of the output
16.78 % of the operational factories
The Indian market is fast evolving and has seen some major changes in terms of changing consumption patterns due to urbanisation, changes in the gender composition of the workforce, and growing consumption rates. The growing consumption of food is expected to reach USD 1.2 Trn by 2025-26⁸, owing to these factors.”
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