Animal husbandry - #SectorUpdates

Animal husbandry is the process of breeding of livestocks using upgraded techniques backed by profit motives. Since currently this is a state concentrated sector, state government is highly responsible for the growth and development of the sector. However various schemes like “Rastriya Gokul Mission”“National Livestock Mission” (NLM), “National Program for Dairy Development” (NPDD) and many more on the part of central government has also been introduced targeting to strengthen the infrastructure of the sector, providing financial support, creating more output and generate employment. India is the world’s highest livestock owner at about 535.78 million and around 20.5 million people depend on this sector for their livelihood and the sector generates employment opportunity to 8.8% population of India contributing 16% to the income of small farm and rural households. The Indian animal husbandry market size reached INR 997 Billion in 2021 with an expectation to reach INR1,574.7 Billion by 2027, exhibiting a growth rate (CAGR) of 7.6% during 2022-2027.

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