Tea Industry in India: Current trends and future prospective

Abstract

India has acquired an exalted status on the global tea map. The country is the second largest tea producer in the world. Interestingly, India is also the world's largest consumer of black tea with the domestic market consuming 911 million kg of tea during 2013-14. India is ranked fourth in terms of tea exports, which reached 232.92 million kg during 2015-16. Production of tea reached 1,233.14 million kg in 2015-16 from 878.65 million kg in 2003-04 with a compound growth rate of 2.86 % during 2003-2015. India Tea export recorded a compound growth rate of 1.22 % during 2003-2015, where import recorded a compound growth rate of 0.78 % during 2003-2015.