How do you feel about the health of the food and beverages that you buy?
If you have to buy a lot of these, how do you decide which ones are ‘healthy’?
And how do brands like Pepsi, Kellogg, etc., know which of their products are healthy?
These questions are among the most important issues to address as India’s food and drink industries struggle with soaring food prices and a declining consumer base.
India has been a food producer for more than two centuries, but this year has been particularly bad.
The country produces less than half the calories of the average world population, and the population of 1.3 billion people has shrunk from a peak of over 11 billion in the 1970s to less than 1 billion today.
According to a recent report by the World Bank, food consumption in India has declined for the past two decades, and this has meant a drop in GDP per capita from over $10,000 in 2011 to less $2,400 in 2020.
This is all part of a longer-term trend.
Food prices have skyrocketed, as the World Food Program (WFP) has predicted for the last five years, with food stocks dropping by nearly half a billion tonnes (mt) over the last decade, and a third of the country’s crop yields are expected to be lost over the next three years.
While India’s overall food production is already in decline, there are some areas where the country has benefited from the current situation.
The agricultural sector is growing at an alarming rate and the number of acres of farmland planted has doubled in the last three decades.
But India’s biggest export is food, accounting for around a third (33.6%) of the total food exports.
The food sector is also home to India’s largest number of food processing facilities, as well as the largest number (14.4%) of farmers who produce fruits and vegetables.
The food sector has also been a major contributor to India being one of the most expensive countries to live in.
The average price of a kilogram of rice is over $2.50 in India, according to the World Health Organization.
The WFP expects India to grow to be one of India’s top five food exporters by 2040, and India has been one of its top five fastest-growing economies since 2013.
In a report released in June, the World Resources Institute (WRI) forecasted that the country will grow at an annual rate of about 2.4% from 2020 to 2040.
But by then, India’s economy will have shrunk by 20% to 6.3%.WRI expects that the population growth rate will decline by 20%, with the country forecast to have less than 2 million new people in 2040 compared to 1.5 million in 2020, and less than 100,000 new people annually in 2030.
These numbers will not be sustainable for the foreseeable future.
India’s economic growth rate is also set to fall from 4.6% to 3.3% in 2036, with the economy forecast to grow by just over 1% in 2021 and to shrink by 1.7% by 2032.
This will mean the country is on track to grow just under 1% a year in 2038, less than the 3% annual growth rate India experienced during the early 2000s.
India is projected to have the lowest per capita GDP in the world, and that number is set to continue to fall.
India is also projected to be among the lowest-income countries in the developed world by the 2030s.
The country is projected, for the first time, to have a per capita income that is at least 20% below that of its neighbours.
According the WRI, India will be among India’s poorest countries in 2030, which means that by 2034, it will be below half the global median income.
The world is also witnessing a rapid decline in India’s agricultural output.
By 2032, India expects to have lost an estimated 25% of its crop yield, the Wri reported.
And the country may be unable to sustain this loss of production.
According to the WPI, India is expected to lose 2.3 million mt of crop yields by 2036 compared to 674,000 mt in 2020 and 751,000 mmt in 2030 (both from crop yields declining in response to price spikes).
India’s growing population will also affect its food security, with a large proportion of the population living in poverty.
According a report by UNICEF, India has the highest proportion of under-five children in the entire world, at 14.3%, and the highest percentage of girls aged under five in the whole world at 19.5%.
This has been the case for decades.
But the economic situation is also changing rapidly in India.
In 2020, the population rose by 6.4 million, which is a 2.6 percentage