The forecasted total value of agricultural production at farm gate in India from 2024 to 2028 shows a steady upward trend. The values increase from 35.766 trillion INR in 2024 to 40.207 trillion INR in 2028, indicating consistent growth. In comparison to 2023, where the value stood slightly lower, the projections suggest a positive outlook.
- The year-on-year growth rate starts from 3.20% in 2025, marginally increasing yearly, reaching around 2.78% by 2028.
- The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is approximately 2.99%, denoting a solid annual progression.
Future trends to watch for include potential impacts of climate change, advancements in agri-tech, and policy reforms which could significantly impact the agricultural production values. Monitoring these factors will be critical to understanding future dynamics in India's agricultural sector.
