The pulses import volume in India is forecasted to decline from 1.38 million metric tons in 2024 to 1.23 million metric tons in 2028. Comparing these forecasts to the actual data from 2023, where the import volume stood at 1.42 million metric tons, there is a notable downward trend. Year-on-year, the anticipated reduction is approximately 2.9% on average, pointing towards decreasing dependency on imported pulses. The projected Compound Annual Growth Rate (CAGR) over the five-year period shows a consistent decline of 2.8% annually.
Future trends to watch for include:
- Increased domestic production of pulses that could further reduce import needs.
- Government policies to support self-sufficiency in pulse production.
- Fluctuations in global pulse markets impacting import strategies.
