Forecast: Groundnuts Production in India

As of 2024, the production of groundnuts in India is forecasted to grow from an estimated 6.28 million metric tons to 6.57 million metric tons by 2028. The year-on-year growth from 2024 through 2028 ranges around 1% to 1.1%, indicating a steady, incremental increase in production. The Compound Annual Growth Rate (CAGR) for this period is approximately 1.13%, reflecting consistent growth over the five years.

Future trends to watch for include:

  • Changes in agricultural policies and support from the Indian government, which might affect production levels.
  • Impact of climate change and weather conditions on agricultural yield.
  • Technological advancements in farming techniques and seed quality improvement.
  • Global demand and price fluctuations that could influence production and stakeholder decisions.

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