GROWTH AND DEVELOPMENT OF INDIAN SUGAR INDUSTRY
DOI:
https://doi.org/10.55829/ae2h7468Keywords:
India, sugar Industry, CAGR, ProductionAbstract
This paper presents growth and development of Indian sugar industry during the study period of 2014-15 to 2023-24. India is the second largest producer and consumer of sugar in the world. Also, the usage of the sugar is increasing 2.2% annually in India. India is the first country to produce the sugar.in recent time, with 31 million metric tons of total sugar intake, India ranked second in the year 2023-24. From all India production of sugar has increased during this ten year of study period. Compound annual growth rate of sugar production is 1% of ten-year study period. Sugarcane acreage has also increased to 5944(000 hectares) in the year 2023-24. Although the numbers of factories in operation got decreased to 533 in the year 2023-34. Conclusion of the study would be Indian Sugar Industry is growing and developing phase and also in a race to be ranked first globally.
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