How India’s Food Processing Sector Is Leading Tier 2 And 3 Indian Cities To Becoming Engines Of Economic Growth

New Delhi: India’s meals processing sector is on a transformative enlargement trail, and with intake traits aligning throughout city and rural India, tier 2 and 3 towns are rapid changing into the engines of financial enlargement, in step with a brand new record. 

The sector helps over 7 million jobs around the worth chain, without delay and not directly, whilst enabling rural industrialisation and lowering post-harvest losses.

According to the record by means of Deloitte and FICCI, the sphere accounts for roughly 7.7 in keeping with cent of India’s general production GVA (gross worth added), and its important function in producing employment, fostering rural building and adorning worth addition. 

The agriculture and meals processing sector, representing just about 30 in keeping with cent of the nationwide meals marketplace, is gaining momentum because of emerging rural call for, virtual developments and powerful coverage make stronger.

“India’s agri and food processing sector is on the brink of a transformative leap, where tradition meets cutting-edge technology to build a future-ready food ecosystem. Consumer demand is shifting towards clean-label, protein-rich and gut-friendly foods, driving a structural evolution in how India consumes food,” stated Anand Ramanathan, Partner and Consumer Industry Leader, Deloitte South Asia.

India is poised to steer the worldwide narrative on health-driven, tech-enabled and inclusive meals methods, fuelled by means of developments in AI, IoT and blockchain. 

The alternative earlier than us is not only to feed one billion, however to take action with objective, resilience and intelligence, he added. 

“India’s food processing sector holds immense transformative potential, both as a driver of economic growth and as a catalyst for inclusive development. As evolving consumer preferences and health-conscious choices reshape food systems, the need for resilience, innovation and value addition has never been greater,” stated Jyoti Vij, Director General, FICCI.

In addition, India’s report agricultural exports of $48.2 billion in FY24 and the worldwide reputation of GI-tagged merchandise spotlight the sphere’s export attainable and its rising function on the planet meals economic system.