NorthSide was approached to segment the market for a large staple by identifying domestic consumption patterns and demand for the export of the staple.
NorthSide Approach
- Gathered data on food, grain, and staple consumption trends across regions and states to understand variations in per capita consumption by population strata and region.
- Analysed production statistics to assess trends and potential supply constraints and surplus in the domestic market by variety of grain.
- Analysed the impact of supply and demand on India’s inflation over the last 12 years.
- Studied countries that are reliant on Indian food grain export over the long term and determined India’s competitiveness in World Trade on the staple.
- Developed a framework and segmented the staple market to balance the need for domestic consumption and export without impacting domestic inflation.
Key Insight
Carefully balancing domestic food security with global export commitments is crucial for India’s long-term economic stability.
Results
- Using the insights gained, NorthSide recommended a framework that helped India gain market share in the international market and gain international goodwill without adversely impacting domestic inflation.
- Helped build goodwill with internal industry stakeholders.