Indian food business to grow to $65 Billion by 2018 - One World News

Indian food business to grow to $65 Billion by 2018

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India’s food business, currently valued at $38 Billion is expected to grow to $65 Billion by 2018, getting a healthy growth of 11 percent per annum.

Indian food business to grow to $65 Billion by 2018

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This was disclosed by a joint report by Academic Foundation and IIM-Calcutta.

Also, according to the report, India spends approx 31 percent on food and grocery, unlike the USA, which spends 9 percent, and Brazil which spends 17 percent.

The report also bodes well for modern trade, whose share is expected to jump to nearly one fourth, from the current 8 percent over the next 8-10 years.

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