India Attains Atmanirbharta In Farm Output

New Delhi: India has evolved from a food-scarce nation to a food-surplus powerhouse with a strong export performance on the back of robust growth in agriculture, reflecting the farm sector’s resilience and its significant role in the global agricultural trade landscape, according to a study released by apex business chamber PHDCCI.

The report, titled ‘India’s Agricultural Transformation: From Food Scarcity to Surplus’, projects the country’s foodgrain production growth at two per cent, to about 3,357 lakh tonne for the year 2024-25.

The business chamber’s projections indicate a significant expansion in agricultural and processed food products exports, with exports reaching $125 billion by FY2030, $250 billion by FY2035, $450 billion by FY2040, and $700 billion by FY2047. The PHDCCI study projects that India’s food processing sector is expected to reach $700 billion by FY 2030, $1,100 bn by FY2035, $1,500 bn by FY 2040, $1,900 bn by FY 2040, and $2,150 bn by 2047.

The report states that while some States excel in agricultural performance, their overall economic growth remains modest. This highlights an opportunity to better leverage agricultural success to drive broader economic development. By strengthening linkages between agriculture and other sectors, these States can unlock new avenues for growth, fostering more inclusive and balanced economic growth, the report points out.