Transitioning Dairy Farmers to Sustainable Base
Milk production in India touched 167 million tons in the year (2017), which was a 5 percent growth than previous year (2016); most of it comes from subsistence farming base of 75 million farmers in the top 10 states. Demand for milk remained ahead of the supply, which is going to continue as more and more people join the middle class and have spare income to indulge in food and surly dairy and its derivatives.
Macro Factors
“India is to overtake China as the fastest growing large economy in 2018 – According to a Sanctum Wealth Management report, the country’s equity market will become the fifth largest in the world in 2018. According to a Sanctum Wealth Management report, when the rest of the world offers low growth and insufficient structural change, India, by contrast, is seen as a reforming economy with the prospect of strong long-term growth. Source –http://www. business-standard.com - Jan 22 2018
Emerging Dimensions
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