The Gross Value Addition (GVA) in food processing sector has increased from Rs. 1.79 lakh crore in 2016-17 to Rs.2.37 lakh crore in 2020-21 at a Compounded Annual Growth Rate (CAGR) of 7.27 %. The GVA for the last three years and recent year 2020-21 were as under:
(Rs. in lakh crore)
2017-18
2018-19
2019-20
2020-21
Gross Value Added
1.93
2.36
2.26
2.37