The total value of agricultural production at the farm gate in India is showing a consistent upward trend. The forecasted value for 2024 stands at 484.5 billion USD, reflecting steady growth through 2028, reaching 527.93 billion USD. This increase represents an approximate annual growth rate of 2.18% from 2024-2028. Compared to the 2023 value, the agricultural sector continues to expand, driven by both policy support and technological advancements.
Future trends to watch for include:
- Impact of governmental policies on sustainable agricultural practices.
- Technological advancements in farming and supply chain efficiencies.
- Responses and adaptations to climate change affecting crop yields.
- Fluctuations in global commodity prices influencing export values.
