Based on the provided data, the banana production in India experienced a consistent increase from 2013 to 2023, with a value standing at 32.73 Million Metric Tons in 2023. Notable variations include a significant increase in 2014 (7.8%) and a sharp decline in 2020 (-2.49%). The last two years showed positive year-on-year growth rates of 1.54% in 2022 and 1.48% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years was approximately 1.74%, suggesting moderate but steady growth in banana production.
Future Trends to Watch For:
- Technological advancements in agriculture boosting productivity.
- Climate change impacts possibly influencing year-on-year variability.
- Market demand and export potentials driving production scales.
