India, Feb. 6 -- The Government of India has issued a release:
The Gross Value Added (GVA) in food processing sector has increased from Rs.1.34 lakh Crore in 2014-15 to Rs 2.24 lakh crore in 2023-24 (as per 1st revised estimates). The sector has attracted Foreign Direct Investment (FDI) of USD 7.33 billion from 2014-15 to 2024-25. The share of processed food exports in agri-exports has increased substantially from 13.7% in 2014-15 to 20.4% in 2024-25. The food processing sector grew by Average Annual Growth Rate of 6.55% in the last 9 years as compared to 6.06% in the overall manufacturing sector. It is the largest employer of registered manufacturing sector with a share of 12.83% of employment in the total registered/organized sector as p...