The Indian packaged food market is expected to be double and grow up to USD 70 billion in the next 5-10 years, led by factors that include economic growth, demographic dividend and growing e-commerce, said Nestl India Chairman and Managing Director Suresh Narayanan on Friday. The company is also waiting for the government s production-linked incentive (PLI) scheme for the food processing sector, which would be a good step for the industry that has the best ratio of capital investment and employment generation. I am a firm believer of the consumption story of this country, said Narayanan while addressing a virtual media roundtable.