The nation has not only witnessed unprecedented growth and development but has also emerged as a global powerhouse propelled by a vibrant and diverse economy.
Owing to the progressive policy initiatives and interventions of the Government, the sector has shown remarkable performance in recent years, contributing 7.66 per cent to the gross value added (GVA) in manufacturing and 8.45 per cent to the GVA in agriculture as of the fiscal year ending 2022-23.
India stands as a significant player in global food production with its rich and diverse agricultural resources. Being the largest producer of several food commodities like milk, millet, food grains, fruits, vegetables, tea, and fish, it has created a strong foundation for the food processing industry. India's agri-food exports soared to an impressive $46.4 billion in financial year 2023-24, highlighting the sector's rapid growth and increasing global impact. The share of processed food in total agri-food exports has increased from $4.90 bn in 2014-15 to $10.88 bn in 2023-24.
Denne historien er fra September 11, 2024-utgaven av Business Standard.
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Denne historien er fra September 11, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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A yr of Israel-Hamas war: Trade with W Asia holds steady
However, trade with Israel, Lebanon, Jordan declines during January-July period
Lights, Camera, Commerce! Rajinikanth and Bachchan unite in branding mega-hit
The sharp dialogues of Andha Kanoon (1983), the captivating strains of Aana Jaana Laga Rahega from Geraftaar (1985), and the vibrant energy of Jumma Chumma De De from Hum (1991) have left an indelible mark on the memories of those who grew up in the '80s and '90s. These films celebrated the artistry of two icons of Indian cinema - Amitabh Bachchan and Rajinikanth - creating a rich tapestry of nostalgia that continues to resonate with fans.
West Asia crisis forces airlines to reroute
The closure of Iranian airspace after Iran fired missiles on Israel amid the crisis in West Asia have forced carriers to reroute various flights to Europe from Mumbai, increasing their flying duration by up to 20 minutes.
Status quo on rate; stance too may not change
Growth-inflation dynamics are shifting slowly, but the RBI may not be in a hurry to act amid too many uncertainties
A decade of Make in India
An uptick in manufacturing activity a decade since the launch of the Make in India initiative notwithstanding, India's integration with global value chains faces some challenges.
MODEL CODE OF CONSTRUCT
Apple is replicating its China model of manufacturing in India, with tweaks. How is it working out?
Money in the bank
The cash reserve ratio's use to ensure monetary stability is being debated as lenders' deposit growth slows down, reports RAGHU MOHAN
How India made M&A easier for companies
The aspirations of a young India and increased income levels have encouraged companies to consider mergers and acquisitions (M&A) to keep up with demand.
Rising home prices: Consider outskirts, in-progress projects
But be mindful of the potential drawbacks of these options and make balanced choices
Retail investors vs algos: Like lambs to slaughter
TRUTH BE TOLD
