In 2023, the gross production of millet in India was valued at approximately 3.630 billion US Dollars PPP, indicating a steady rise in the subsequent years as forecasted. From 2024 to 2028, the projected data shows a consistent year-on-year increase in value, with a cumulative annual growth rate (CAGR) highlighting a gradual upward trend. This steady increment reflects positive growth prospects for the millet production sector.
Future trends to watch for include:
- Increasing demand for millet due to its nutritional benefits and popularity as a health food.
- Enhanced government support and policy interventions promoting millet production.
- Advancements in agricultural practices and technology adoption among farmers.
- Impact of climate change and how adapting to these changes will affect production outputs.