In 2023, India's wheat stock stood at approximately 5.7 million metric tons. Forecasted data from 2024 to 2028 indicates a steady growth in wheat stock, rising from 5.88 million metric tons to 6.62 million metric tons. This trend shows an average compound annual growth rate (CAGR) of about 3% over the five-year period.
Future trends to watch for:
- Potential impacts of climate change on wheat production and stock levels.
- Government policies influencing agricultural incentives and storage infrastructures.
- Global market trends affecting export demand and price stability.
- Technological advancements in farming practices enhancing yield efficiency.