REVIEWING INDIAN INDIGENOUS SUGAR INDUSTRY IN POST COVID GLOBAL SCENARIO

Abstract

The sugar industry of India ranks first in the world in terms of both sugar production and consumption. Being of high economic importance it has always been highly regulated. These regulations have been critically analysed and assessed by researchers over the years but the industry has come a long way and in the last few years the industry has paved its way from being second most sugar producing country to being the top most in the world. However, India continuing to lag behind in terms of sugar export, is struggling with excess stocks and underutilizing the by-products of sugar. The paper endeavours to study the sugar industry of India, its effect on the Indian economy, the effect of the pandemic on the industry and analyses a way forward for the Indian sugar industry.