It may be noted that the jute industry's 10 year CAGR (compounded annual growth rate) is less than 0.1 per cent.
India exports almost two lakh tonne of jute goods valued at around Rs 2000 crore. Over 40 lakh farmers and nearly four lakh mill workers depend on the jute industry for their livelihood in India.
India accounts for an estimated 70 per cent of the worlds total production of jute products. Over 90 mills are currently operational, 67 in West Bengal alone. The rest are in Bihar, Assam, Tripura, Uttar Pradesh and Andhra Pradesh.
However, the industrys overdependence on government orders is considered a major factor behind the current state of affairs of the Indian Jute Industry. The government buys jute sacks worth Rs. 5,000 crore a year for packaging of food grains and sugar under the Public Distribution System (PDS).