India International Gourmet Show – Fact Sheet

India is one of the fastest growing markets of Asia

The agriculture sector amounting to 25% of the Indian economy

India is one of the world’s largest food producers

It is the 2^nd largest producer of fruits (45 million tonnes) after Brazil

The 2^nd largest producer of vegetables (90 million tonnes), next to China

India consumes US $200 billion worth of food products p.a.

The Indian economy grew 9.4% in 2006-07, the fastest in 18 years

Contract farming is increasingly being used by the private and the cooperative sector industry to overcome the challenge of small land holdings of Indian farmers. Large corporates and international companies use contract farming to produce a consistent quality crop for processing; some recent projects have been in growing tomato, cotton, tobacco, gherkins, grapes, sunflower seed, chillies, flowers, banana, ginger, herbs etc.

Food & Drink imports to India are growing at around 15% annually

The Indian Grocery Retail Market is expected to be worth US$277.81 billion in 2008

Food & Grocery Retailing accounts for 62% of India’s retail market

One of the most attractive retail markets in the world estimated at US$ 350 bn

Growth potential of 40 per cent per annum

Right time for the foreign companies to come to India and capture their target audience