Food retail market seen topping Rs 61 lakh crore by 2020 – Feedback

The Indian food retail market is expected to cross Rs 61 lakh crore by 2020, according to India Food Report 2016. The report, compiled by Images Group, pegged the market size in 2014 at Rs 25 lakh crore, which accounts for 65% of the country’s total retail market pie.

“Indians spend more on food than on any other consumption category, and this is expected to continue in the coming decade,” said Amitabh Taneja, chief convenor of India Food Forum and the CMD of Images Group. “India is already the largest global consumer of dairy, pulses, sugar and spices.”

http://economictimes.indiatimes.com/industry/services/retail/food-retail-market-seen-topping-rs-61-lakh-crore-by-2020-report/articleshow/50686810.cms

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