GROWTH AND PROSPECTS OF DAIRY INDUSTRY IN INDIA: A DESCRIPTIVE STUDY

Abstract

Milk provides good nutrition and helps the income of people in rural areas of the country. This study examines the growth and development of the Indian dairy industry. This study examine about milk production and consumption in the country. This study tries to estimate the milk production in the country given the current production model. It explores the relationship between the countrys milk production and its international exports and imports. These findings will assist policy makers and the agricultural industry in making production decisions. Statistical data, estimation and correlation analysis were used during the research process to show the relationship between the production, consumption and distribution of dairy products. The study found that under the current production pattern in the country, India could produce around 217 million tons of milk by 2025. In 2016-17, the countrys milk consumption was 351 grams, 229 grams more than international milk. per person per day. Correlation analysis is used to determine whether there is a relationship between imports and exports of dairy products and milk. The findings show that milk has a positive (r = 0.220, p = 0.601) effect on exports of dairy products and a negative (r = 0.228, p = 0.588) effect on exports. The study found that there are many ways to promote, produce and distribute milk and its products that policymakers and the dairy industry can use to their advantage. KEYWORDS: Dairy Industry, Production, Consumption, Development, per capita milk availability and correlation analysis