In 2023, the value of bananas production at the farm gate in India stood at X Billion US Dollars. The forecast data indicates a steady increase in value from 2024 through 2028. Specifically, the value is projected to rise from 9.27 Billion US Dollars in 2024 to 10.4 Billion US Dollars by 2028. Year-on-year, the variations are consistent with an upward trend: 3.1% increase from 2024 to 2025, 2.9% from 2025 to 2026, and 2.8% from 2026 to 2027, maintaining a stable growth rate through the period.
Looking ahead, the compound annual growth rate (CAGR) for the 2024-2028 period is approximately X%. Trends to watch for include potential impacts of climate change on agricultural yields, advancements in agricultural technology, and changes in global market demand which could affect pricing and production strategies.
