Research On Global Markets
Syndicated Market Research Report
Over the years, livestock has played an important role in socio-economic development of India, and there is no signs of it stopping the growth of this industry. Livestock is a rich source of high quality foods such as milk and other dairy products. With an ever increasing Indian population and growing disposable income, the demand for dairy products is on the rise. Despite predominantly being an agricultural country, the livestock sector has always been an integral part of agriculture in India, and forms the back-bone of the country’s economy in the form of income, employment and foreign exchange. What are the initiatives driving market growth? Recognising the need for developing the dairy and milk processing market in India, both Central and State government have initiated a number of development programme, including Key Village Scheme (1951) and Intensive Cattle Development Project (1964-65), Integrated Rural Development Programme, National Rural Employment Programme, Rural Landless Employment Guarantee Programme, Special Livestock Breeding Programme. These government initiatives are geared toward developing additional dairy processing infrastructure for further supporting the income of dairy farmers and meet the future challenges. Traditionally, India has been the largest producer of milk in the world, and the government is aiming to help the industry for retaining its market leading position. The dairy production in India achieved an annual growth rate of 5.53% over last three years as against global milk production, which grew 2.09% over the same period. The National Dairy Development Board (NDDB) is also implementing certain development programs through state cooperative milk organisations as well as collaborating with the state government. Further, a number of dairy entrepreneurship schemes are being initiated National Agricultural and Rural Development Bank through the state government through nationalized banks at the district level. The dairy sector in India is an important source of livelihood and security for the landless and marginal farmers and over 70 million rural households are engaged in dairy processing in India. Moreover, growing demand for high protein diets, rich in dairy products, is increasing and awareness and availability of value-added dairy products are expected to be further market drivers, and leveraging the government initiatives, the industry is poised to sustain profitability in the coming years. Download the free sample reports: https://www.researchonglobalmarkets.com/free-reports
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