- World’s fifth largest feed producer (after China, U.S., Brazil, Mexico).
- World’s largest dairy herd.
- Big swings in monsoon weather create production risk and stifle investment.
- Two main growing seasons – kharif and rabi – with kharif seeing 66% of the production.
- Large and sophisticated starch sector that caters to India’s textile industry.
- Population / growth: 2 billion / 1.3%
- Urban / growth: 5% / 2.5%
- GDP / growth: $9.447 trillion / 6.7%
- GDP per capita (PPP): $7,200
- Predicted to be the most populous country by 2022.
- Average age women at age of first childbirth is under 20 years old.
- 47% of the country’s population is under 24 years old.
- Current budget is focused on infrastructure projects.
Trade and Market Share Issues
- Industrial corn/starch industry expected to grow by 5% to almost 2.8 MMT.
- Potable alcohol industry consumes around 1.25 MMT of corn and rising.
- A rising and major importer of U.S. industrial grade ethanol.
- World’s worst air quality is creating momentum for more fuel ethanol blending.
- National corn yield exceptionally low at 2.5 mt/ha.
- Ease of doing business is low due to India’s notorious bureaucracy, but it is improving.
- Bt cotton is widely accepted and adopted.
- Corn import TRQ allocations (500,000 MT) are slow and ineffective, 50% out of quota duty.
- No effective mechanism to approve transgenic varieties (GEAC).
- Minimum support price (MSP) policy for corn.
- Illegal to blend domestically produced grain alcohol into fuel.