In 2023, India's soya bean gross production was valued at approximately 5.0 billion USD PPP. The forecast for the coming years suggests a steady growth trajectory, with production expected to rise from 5.1321 billion USD PPP in 2024 to 5.4797 billion USD PPP by 2028. Year-on-year, this represents a growth variation of around 1.7-1.9%. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is estimated at roughly 1.65%. Such sustained growth indicates a positive development in the sector.
Future trends to watch for include:
- Impact of technological advancements in agricultural practices on yield.
- Changes in domestic and international demand for soya-based products.
- Policy developments affecting agricultural subsidies and trade tariffs.
