The world’s largest rice-producing country is looking for a way to stay competitive in a fast-paced food industry.
The world is hungry for better quality protein, less sugar and higher protein density.
India is a rice-growing country, which produces about 8.4 million tonnes per year, about four times as much as the next largest producer, China.
But the country is struggling with rising costs.
“The rice industry in India is the single largest contributor to the country’s GDP, and that’s the biggest challenge facing the country,” said Gautam Kumar, an economist at IHS Markit.
He expects the Indian rice sector to account for about a third of global rice imports by 2020, making it the third-largest importer of rice after the United States and China.
The government is investing heavily in rice cultivation and processing technology, which Kumar said could help India achieve the goal of doubling its rice production by 2020.
But it is also working on more efficient farming techniques, such as using fewer animals and using natural fertilizers and pesticides.
The Indian government has invested heavily in the rice industry.
It is spending $2.5 billion on research and development, and $4 billion on seed and technology development.
It has also introduced a government-funded research program that aims to increase the efficiency of the farming system.
“This is an area where we have a long way to go,” Kumar said.
“There are many issues we need to work on, but we have done quite a lot.”
But Kumar said it would be difficult for the rice sector in India to achieve its ambitious targets.
“It’s a challenging area,” he said.
In recent years, India has been struggling to find its footing as a rice producer.
It started producing rice in the 1980s, but it has struggled to expand production.
The country has been in a food recession since 2009.
In 2010, India’s rice exports dropped 30% to $1.3 billion, and by 2020 they are expected to fall as much to $6.7 billion.
But India’s agricultural sector has been hit by the crisis, with the value of rice exported to China halving from $30 billion in 2011 to $12 billion in 2017.
India’s dependence on rice is also affecting its domestic economy, as it has not been able to compete with China in rice production.
India was once the world’s third-biggest rice producer, with an annual production of 8 million tonnes, and its domestic market is dominated by China.
Rice is the main ingredient in most Chinese products, but some Chinese products such as rice noodles and soy sauce are also imported to India.
“India is very dependent on China for rice, and it is difficult for us to compete against China in that area,” Kumar explained.
He added that the government was looking at improving the efficiency and cost of rice farming in India, but said it was not ready to announce any major changes to its agriculture policies yet.