In 2023, India's groundnuts production stood at 4.46 million metric tons, with a declining trend forecasted from 2024 to 2028. The projected values show a consistent decrease each year, indicating a prolonged downtrend in production. Specifically, there is an anticipated year-on-year decline with an average annual decrease of around 1%. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) suggests a negative growth trajectory for groundnut production.
Future trends to watch for:
- Impact of climate change on crop yields.
- Adoption of advanced agricultural technologies to enhance productivity.
- Government policies affecting agricultural production and farmer support.
- Market demand shifts leading to changes in cultivation patterns.
