The forecasted yield for bananas in India from 2024 to 2028 shows a steady, incremental rise. In 2023, the actual yield stood at 356.53 thousand hectograms per hectare. The year-on-year growth rates for 2024, 2025, 2026, 2027, and 2028 are as follows: 0.41% for 2024, 0.35% for 2025, 0.34% for 2026, 0.34% for 2027, and 0.33% for 2028. The average Compound Annual Growth Rate (CAGR) over this five-year period stands at approximately 0.35%.
Future trends to watch for include:
• Advances in agricultural technology and practices that could further increase yield rates.
• Potential climate impacts which may affect the stability of yield growth.
• Economic policies and market demand shifts influencing banana production and distribution.
• Developing trends in sustainable farming and resource management which can alter projections significantly.
