Maize production in India has shown significant fluctuations since 2013, with a notable dip in 2015 and subsequent recovery. The last recorded data for 2023 indicates a value of 30.74 million metric tons. The year-on-year growth from 2022 to 2023 was 2.15%. Over the past two years, the variation has been consistent with moderate growth. The Compound Annual Growth Rate (CAGR) for the past five years (2019-2023) was 1.35%, indicating a steady upward trend but at a slower pace.
Future trends suggest continued growth, with forecasted data showing an increase in maize production, reaching 34.127 million metric tons by 2028. The forecasted five-year CAGR stands at 1.65%, predicting an overall growth of 8.51% during this period.
Key trends to watch moving forward include advancements in agricultural technology, potential climate change impacts, government policies, and market demand shifts that could influence production levels.
