GS-III: Food Processing and Related Industries
How big a role is the FMCG sector playing in India’s economic recovery? What are the impediments to this sector’s growth?
The Fast-Moving Consumer Goods (FMCG) sector deals with packaged goods that are consumed at regular intervals. It mainly includes household and personal care products, along with healthcare and food products. Importance of FMCG Sector: The sector is a major contributor ..
Agriculture sector in India contributes around 14% to GDP, while employing almost half of the entire workforce. The green revolution was a major technological breakthrough which created a lasting impact on Indian agriculture. However, India’s public investment on R&D ..
State the factors behind emergence of food processing sector as a high-growth and high-profit sector in India.
Food processing is the process of turning food material into food products through mechanical and chemical means. It has a great potential for value addition at every step. High growth in food processing sector is due to: Availability of raw ..
A well-developed food processing industry will not only help in achieving the food security goal, but will also promote inclusive growth. Discuss. Also, highlight the competitive advantage that India posses in this sector.
Food processing industry provides a significant possibility to achieve the twin goals of inclusive growth and food security. Significance: Enables crop diversification and improved revenue for farmers. Increases shelf life of food items. Prevents wastage and distress selling by farmers. ..
Highlight the potential, significance of food processing sector in India. Also mention the issues that have plagued the development of this sector.
Food processing sector represents the sunshine sector contributing to over 13% of our GDP and 1/3rd of total food market. Potential: Consumer demand – High growth in organic sector. Rise in middle class, increasing consumerism and income. Favourable climatic conditions ..
Right marketing strategies and an efficient supply chain are imperative to make India a global food supply leader. Elucidate.
Despite being among countries with largest area under cultivation, India’s contribution to global agriculture exports is a meagre 2 to 3%. Opportunities for India: Second largest rice and wheat production. Largest Dairy producer in world. Second largest fisheries sector in ..