History of food processing industry and recent development in India

Abstract

Over the last two-three decades, the Indian economy has experienced significant growth, with agriculture, industry, and the service sector all playing a larger role. Since 1991, when India's government implemented the New Economic Policy, the country's agriculture and manufacturing sectors have risen to prominence in global trade. India's international trade has risen as a result of the liberalisation, privatisation, and globalisation (LPG) programme, and it has become a major producer of various commodities throughout the world. The GDP and the contribution of different sectors to the GDP are indicators of an economy's strength. The real picture of industrial growth is that the share of the industrial sector is increasing day by day.