India’s warming up to organic farming
India, April 13: As Indians grow more health conscious and aware of the effects of harmful chemicals, pesticides and fertilisers, the market for organic food products is witnessing a surge.
Until a few years ago, export was the only option for organic farmers of India. Now, the domestic market, although at a nascent stage, is fast emerging as a lucrative option. According to a YES Bank report of 2012, the organic products industry is estimated at Rs10 billion (Dh554 million) of which Rs7 billion came from exports and the rest from the domestic market. The report says that the industry is growing at 30 per cent to 40 per cent annually.
According to a study report released last year, the domestic organic food market would touch the $1.36 billion (Dh5.9 billion) mark by 2020. In 2014, the size of the organic food market was just $360 million, with organic pulses and food grains comprising a major share.