The food processing industry in India witnessed rapid growth especially during the 1980s and 1990s. This development occurred after the first period of the Green Revolution which had led to an increase in agricultural production and the need to manage it after the harvest. The importance of this sector has been understood by business groups who have promoted the expansion from grain trading to food processing. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an Original Essay Nowadays the food processing industry is generally considered a “nascent industry” in India due to its enormous growth potential and ability to attract the agricultural economy and food supply chain services. The contribution of the Indian food industry to global food trade is increasing every year. The food industry in India is a high growth and high profit sector due to its huge potential for value addition, especially in the food processing industry. It represents approximately 32% of the country's total food market. The Government of India has contributed to the growth and development of the food processing industry. The Ministry of Food Processing Industries was established by the government in the year 1988 through which every effort was made to encourage investment in the food industry. This ministry is responsible for formulating and administering rules, regulations and laws related to food processing in India. The Indian food sector and grocery market is the sixth largest globally and retail has a major contribution to sales. The Indian food processing industry accounts for a 32% share of the country's total food market. It is one of India's largest industries and ranks fifth in terms of production, consumption, projected growth and exports. It contributes approximately 8.3% and 8.8% to the gross value added (GVA) in agriculture and manufacturing respectively. Please note: this is just an example. Get a custom paper from our expert writers now. Get Custom Essay This sector contributes 13% to India's exports and 6% of total industrial investments. The Indian gourmet food industry is currently valued at $1.3 billion and is progressing at a compound annual growth rate of 20%, in addition to the prediction that the Indian organic food market will grow threefold within the year. 2020.