India’s authentication and traceability market to reach Rs 16,575 crore by FY29: Report
India’s authentication & traceability (A&T) industry is projected to grow at a compound annual growth rate of 11.3% to reach Rs 16,575 crore by FY29, according to a study released by the Authentication Solution Providers’ Association (ASPA) in collaboration with Accenture.
The Indian A&T industry was estimated at Rs 9,705 crore in FY24, having grown at a CAGR of 7.4% since FY20. It is expected to reach Rs 10,612 crore in FY25.
