In 2023, the total value of agricultural production at farm gate in India was approximately 426.00 billion Euros. From 2024 to 2028, the forecasted increase in value demonstrates a consistent upward trend, with expected growth from 437.28 to 482.58 billion Euros. The year-on-year growth rates show a steady positive trend, increasing by around 2.7% annually over this period, attributable to investments in agricultural infrastructure and technological advancements. The compound annual growth rate (CAGR) for the 2024-2028 period stands at approximately 2.5%.
Future trends to watch include the impact of climate change on crop yields, governmental agricultural policy shifts, and advancements in agri-tech that could enhance productivity and efficiency. Additionally, changes in consumer demand for organic and sustainable produce may significantly impact the agricultural landscape during and beyond the forecast period.
