The millet production forecast for India shows a steady rise from 11.64 million metric tons in 2024 to 11.72 million metric tons by 2028, signifying a modest yet consistent increase. As of 2023, the production estimate stood at 11.62 million metric tons, indicating an annual growth rate of approximately 0.35% to 0.40% year-on-year over the forecast period. The compound annual growth rate (CAGR) over the five years is projected to be around 0.4%.
Future trends to watch for:
- Impact of government policies and subsidies on millet cultivation.
- Changes in consumer demand driven by increasing health consciousness.
- Effects of climate variability and innovations in agricultural practices.
