The cotton supply in India is projected to rise from 38.44 million units in 2024 to 40.1 million units in 2028. This indicates a steady growth trend in the forecasted period. Standing at 37.97 million units in 2023, we see the following year-on-year percentage increases: 1.24% in 2024, 1.09% in 2025, 1.08% in 2026, 1.04% in 2027, and 1.03% in 2028. This results in a compound annual growth rate (CAGR) of approximately 1.10% over the five years from 2024 to 2028.
Future trends to watch for include:
- Changes in global cotton demand.
- Technological advancements in cotton farming.
- Government policies impacting cotton production.
- Climate change and its effects on crop yields.
