Boston, MA -- (SBWIRE) -- 10/13/2014 -- Over the long term, the Indian economy presents one of the best growth stories globally. The Indian population is the second largest in the world and i s forecast to continue to grow for decades. Real GDP will also grow at an average of around 6% to 2023 , with per capita incomes rising at a similar rate . We forecast that inflation will average around 4% over the longer term, which should be a sustainable level for the economy. W e maintain a bullish long-term outlook on food consumption within the country, especially as multinationals penetrate the market with greater force , and industry regulation becomes more favourable to foreign investors.

Headline Industry Forecasts:

- 2014 food consumption growth = +7.0%; compound annual growth rate (CAGR) 2013-2018 = +7.0%.

- 2014 alcoholic drink local currency value sales growth = +11.7%; CAGR 2013 to 2018 = +11.0%.

- 2014 soft drink local currency value sales growth = +16.2%; CAGR 2013 to 2018 = +14.9%.

- 2014 mass grocery local currency retail sales = +14.5%; CAGR 2013 to 2018 = +12.6%.

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Key Company Trends

Wheat Exports To Remain Volatile : We believe India will deliver a record wheat harvest of 95.0mn tonnes in 2014/15 on the back of expansion in area planted and near-record yields. Planting for the 2014/15 season was boosted by an increase in the minimum support price of wheat by India's government in late 2013, combined with expectations that additional subsidies from state governments would occur following parliamentary elections in April. In February, the Ministry of Agriculture estimated that the area planted to wheat for 2014/15 rose 6% year-on-year to 31.5mn hectares. Moreover, favourable rainfall towards the end of 2013 and an increase in the use of inputs such as fertiliser and pesticides will boost yields above their five-year average.

Walmart On Hold In India : After announcing in 2013 that it would re-enter the Indian mass grocery retail market, US based grocery retailer

The India Food & Drink Report features Business Monitor International (BMI)'s market assessment and independent forecasts for food and drink expenditure, consumption, sales, and imports/exports and forecasts for the mass grocery retail sector. The report also includes analyses of major regulatory developments, the background macroeconomic outlook and competitive landscape comparing national and multinational companies by leading products and services, sales, investments, partners and expansion strategies.

BMI's India Food & Drink Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the food and drink industry and the mass grocery retail market in India.

Key Benefits:

- Benchmark BMI's independent food and drink industry forecasts for India to test other views - a key input for successful budgeting and strategic business planning in the Indian food and drink market.

- Target business opportunities and risks in India through our reviews of latest industry trends, regulatory changes and major deals, projects and investments.

- Exploit latest competitive intelligence on your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity) and Competitive Landscape Tables.

Coverage

BMI Industry View

Summary of BMI's key industry forecasts, and views, covering food and drink manufacturing and consumption and the retail market.

Business Environment Rankings

BMI's Food & Drink Business Environment Rankings provide a country-comparative Risk-Reward Rankings index aimed at investors, food and drink manufacturers and mass grocery retailers.

The rankings methodology makes sophisticated use of over 40 industry, economic and demographic data points.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the food, drink and mass grocery retail sectors, and within the broader political, economic and business environment.

Food Forecasts

BMI's food chapter is divided into sections such as Meat, Fish, Confectionary, Dairy and Canned Foods, and provides insight into a market's food industry, centred on a forecast to end-2018 for the sector. The chapter includes the following elements:

Industry Forecast Scenario - Historical data series and forecasts to end-2018 for growth of key indicators within a market's food industry. Including consumption, food consumption as % of GDP, canned food sales, confectionery sales and food and drink imports and exports, among others.

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