The budgetary expenditure on agricultural product safety and inspection in India experienced a declining trend from 2020 to 2023, with a notable decrease from 63.03 million USD to 40.4 million USD in 2023. This represents an average yearly reduction of 17.92% over the last five years. The forecast from 2024 to 2028 suggests a continued downward trajectory, with a compound annual growth rate of -6.48% and a total decline of 28.45% by 2028.

Future trends to watch for:

Potential shifts in policy focus or increased investment to counter the declining expenditure.
Influence of emerging technologies and global food safety standards on budget allocation.
Impact of economic conditions and governmental priorities on future budgetary decisions.