In 2023, the share of MPS commodities in the total value of agricultural production in India stood at a specific benchmark. From 2024 to 2028, forecasts show a continuous increase in this share annually, moving from 79.66% in 2024 to 82.97% by 2028. This stable upward trend indicates a positive growth trajectory, with year-on-year percentage increases suggesting a steady expansion. The compound annual growth rate (CAGR) over five years reflects this sustained growth momentum.
Future trends to watch for include:
- Impacts of government policies on agricultural production.
- Fluctuations in global commodity prices.
- Technological advancements within agriculture.
