1.1 THE DAIRY INDUSTRY
India is the world’s largest producer of dairy products by volume and it also has the world’s largest dairy herd with 194mn cows and 155mn buffaloes. The country accounts for more than 13% of world’s total milk production and is also the world’s largest consumer of dairy products, consuming almost all of its own milk production. Milk production in India has developed significantly in the past few decades from a low volume of 17 million tons in 1951 to 127.3 million tonnes in 2012. Currently, the Indian dairy market is growing at an annual rate of 7%.
Dairying has helped in alleviating poverty and providing employment opportunities to many people in the rural areas. From being …show more content…
The term paper on the dairy industry covers all the problems and prospects of the industry and the statistical analysis on these problems. However, it can be extended to make it more detailed firstly by taking a company or a co-operative of this industry and by studying its strategies, portfolio and objectives to have a more clear understanding of the industry. Secondly, the reasons for low productivity of milk in spite of India having the largest cattle population can be evaluated.
2.1 Dairy Industry: An overview
India with 194mn cows and 155mn buffaloes has the largest population of cattle in the world. More than fifty percent of the buffaloes and twenty percent of the cattle in the world are found in India and most of these are milch cows and milch buffaloes.
Indian dairy sector contributes the large share in agricultural gross domestic products. Presently there are around 70,000 village dairy cooperatives across the country. The co-operative societies are federated into 170 district milk producers unions, which is turn has 22-state cooperative dairy.
Indian (traditional) Milk Products
There are a large variety of traditional Indian milk products such as: