Dairy - #SectorUpdates
India has been playing a leading role in production and consumption of dairy products since 90s with a sustained growth in availability of dairy products. Dairy market in India has reached INR 13,174 Billion in 2021 and is expected to reach INR 30,840 Billion by 2027 with a CARG of 14.98% during 2021-2027. According to the market reports, dairy industry is going to witness a revenue growth of 12% by the end of FY22. In India, dairy sector creates yearly employment opportunities to 8.47 million people and the good thing is that among this employment creation is 71% is created for females. Government of India has come up with various policies like National Program for Dairy Development (NPDD), Dairy Entrepreneurship Development Scheme (DEDS), National Dairy Plan-I (NDP-I), Dairy Processing and Infrastructure Development Fund (DIDF) with the same objective of infrastructural improvement in the sector for years to come.