The wheat consumption in India for the year 2023 stood at 102.8 million metric tons. Forecast data indicates a steady increase in consumption with 104.64 million metric tons in 2024, 106.54 million in 2025, 108.42 million in 2026, 110.28 million in 2027, and reaching 112.12 million metric tons in 2028.
Year-on-year analysis shows the following variations in percentage:
- 2024: 1.79%
- 2025: 1.82%
- 2026: 1.76%
- 2027: 1.71%
- 2028: 1.67%
The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is estimated to be 1.75%.
Future trends to watch for include potential impacts of climate change on wheat production, government policies on agricultural subsidies, technological advancements in farming practices, and shifts in dietary patterns towards or away from wheat-based products. Additionally, global trade dynamics and their influence on wheat prices could also significantly impact consumption trends.
