Between 2014 and 2023, vegetable production in India saw stable yet varied growth. The production values fluctuated slightly, showing both increases and occasional decreases. Notably, after a decline in 2015, there was a recovery phase with a peak in 2017. Recent years exhibit modest growth, as indicated by the 0.3% year-on-year rise in 2023, bringing production to 133.44 million metric tons.
Despite minor annual fluctuations, the overall compound annual growth rate (CAGR) from 2019 to 2023 stands at 0.22%.
Over the past five years, the average annual variation rounded out to around 0.22%, displaying a generally stable trend.
Looking forward, forecasts predict continuous growth in vegetable production, albeit at a modest pace. The future Compound Annual Growth Rate (CAGR) from 2023 to 2028 is expected to be around 0.24%, indicating a slow but steady increase. Over the next five years, production is anticipated to rise by approximately 1.21%, reaching 135.49 million metric tons by 2028.
Future trends to watch for include potential technological advancements in agriculture, changes in climate patterns, and government policies impacting farming practices. These factors could significantly influence production volumes moving forward.