As per a report released by the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES), the real value of agrifood demand in India is set to rise by 136 per cent between 2009 and 2050. The report was published at the end of 2014.
ABARES’s executive director Karen Schneider said that report – What India wants: Analysis of India’s food demand to 2050 – reflected strong income and population growth across the continent.
Schneider added further that report assesses future trends in Indian food consumption, production and trade. Increasing income levels in India have led to a diversification of diets, with rising per person consumption of dairy products, fruits and vegetables.Combined with a population growth rate that is one of the highest in Asia, that means food demand will increase significantly.
Under the current agricultural policies in India, consumption growth between 2009 and 2050 is strongest for fruit (246pc), vegetables (183pc) and dairy products (137pc), which together account for 77pc of the total projected rise in food consumption by 2050.
“While the demand for food has largely been met by domestically produced products to date, food imports have also risen,” Schneider said.