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  Published Paper Details:

  Paper Title

THE FOOD PROCESSING INDUSTRY IN INDIA: A STUDY ON ITS EXPORT PERFORMANCE

  Authors

  Elizabeth George

  Keywords

Export performance, food processing industry, processed foods

  Abstract


The food processing Industry (FPI)of India is often referred to as 'the sunrise sector' due to its huge potential for growth and development taking into account the favourable climatic conditions for food production and the ever-increasing demand for processed food products. During 2018-19, this sector contributed about 1.62% of Gross Value Added (GVA) to the total Gross Value added in the economy. And has a share of 14.28% in the total employment generated by different sectors of the nation. The food processing Industries of India are mainly export oriented, hence, this paper endeavors to study the performance of exports of the processed food sector. Secondary sources of information like annual reports of different ministries and organizations have been to carry out the study. Total value of export of FPI starting from 2010-11 to 2019-20 are analyzed and it is found that the annual growth rates for the years 2018-19 & 2019-20 declined significantly, however, the Compounded Annual growth rate (CAGR)calculated on the basis of 2010- 11 data, is growing at a rate of 5%. Of the different segments of processed food, products like dairy, processed meat, jaggery & confectionary, cucumber & gherkins, miscellaneous products and milled products are growing at CAGR of 10%, 24%, 13%,12%, 20% and 14% respectively. And poultry products, gaur gum and mango pulp showed negative growth rate. Also, the share of India in global food export is found to be just 2.27%. Therefore, emphasis must be given on tapping global markets by reducing food wastage, investing in logistic chains and cold chains, research and development, upgrading the safety of products and complying with international standards of quality, and achieving competitive advantage for processed food products of India.

  IJCRT's Publication Details

  Unique Identification Number - IJCRT2409215

  Paper ID - 268737

  Page Number(s) - b916-b923

  Pubished in - Volume 12 | Issue 9 | September 2024

  DOI (Digital Object Identifier) -   

  Publisher Name - IJCRT | www.ijcrt.org | ISSN : 2320-2882

  E-ISSN Number - 2320-2882

  Cite this article

  Elizabeth George,   "THE FOOD PROCESSING INDUSTRY IN INDIA: A STUDY ON ITS EXPORT PERFORMANCE", International Journal of Creative Research Thoughts (IJCRT), ISSN:2320-2882, Volume.12, Issue 9, pp.b916-b923, September 2024, Available at :http://www.ijcrt.org/papers/IJCRT2409215.pdf

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ISSN: 2320-2882
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ISSN and 7.97 Impact Factor Details


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ISSN: 2320-2882
Impact Factor: 7.97 and ISSN APPROVED
Journal Starting Year (ESTD) : 2013
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