The forecast data indicates milled rice domestic consumption in India from 2024 to 2028, showing a consistent upward trend, with projected values rising from 116.87 million metric tons in 2024 to 124.99 million metric tons in 2028. In 2023, the actual consumption stood at 115.32 million metric tons. The year-on-year growth from 2024 to 2025 is 1.76%, while from 2025 to 2026 is 1.71%. The overall five-year compound annual growth rate (CAGR) is approximately 1.75%, highlighting steady growth in rice consumption.
Future trends to watch for include:
- Increasing population and rising incomes potentially boosting rice demand further.
- Potential impact of government policies related to agriculture and food security.
- Influence of global rice market dynamics on domestic consumption patterns.