Millet supply in India is projected to rise from 12.69 million metric tons in 2024 to 12.92 million metric tons by 2028. The compound annual growth rate (CAGR) over this period stands at 0.45%. Year-on-year variations are very modest, with an average annual increase of roughly 0.45% over the past five years.
In 2023, the actual supply of millet was approximately 12.63 million metric tons. This slight but steady increase may be attributed to factors such as favorable agro-climatic conditions, improved farming practices, and policy support from the government.
Future trends to watch for include potential impacts of climate change on crop yields, policy shifts towards sustainable agriculture, fluctuating market demand, and advancements in agricultural technology which could further optimize yield and supply chains.
