Cereal production in India in 2023 stood at 360.22 million metric tons. The forecasted data for 2024 to 2028 project a consistent increase in production, with values reaching 389.78 million metric tons by 2028. Year-on-year variations are as follows:
- 2024: 1.6% increase
- 2025: 1.65% increase
- 2026: 1.61% increase
- 2027: 1.56% increase
- 2028: 1.53% increase
The Compound Annual Growth Rate (CAGR) for cereal production over the five-year period from 2024 to 2028 is 1.6%.
Future trends to watch include potential impacts of climate change on agricultural yields, advances in farming technologies, government policies on agriculture, and potential changes in domestic and global demand for cereals. Continual monitoring of these factors will be crucial for accurate future projections.
