India’s $600 billion food market grows at 7% CAGR, food processing given importance: Official
India’s food market, estimated at $550–$600 billion is growing at 6–7% CAGR, supported by economic growth and urbanisation, Devesh Deval, Joint Secretary, Ministry of Food Processing Industries said. He said food processing, accounting for nearly 8% of gross value added in manufacturing, is strategically important as it creates greater value for farmers, attracts investment and…