A Study on Performance of Dairy Sector in India

Abstract

The present study was undertaken to analyse the performance of the dairy sector in India by using compound growth rate analysis and to determine the trends observed in the parameters. It was observed that the compound growth rate of the livestock population was 0.89 per cent, positive and significant from 1956 to 2019. Buffalo population has shown a positive and significant growth rate of 1.43 per cent and 0.31 per cent for cattle and 1.58 per cent for goats. In comparison to indigenous cows, exotic or crossbred cows showed a greater significant growth rate of 5.14 per cent against 1.71 per cent. There has been observed a positive and significant compound annual growth rate of 4.71 per cent to milk production and 3.26 per cent for per capita availability. Dairy cooperative societies, producer members, milk procurement and liquid milk marketing showed a positive and significant compound annual growth rate of 3.47, 2.31, 7.78 and 6.04 per cent respectively. The compound annual growth rate of exports in quantity showed a positive rate of 14.24 per cent and imports with a negative growth rate of 9.70 over the period which indicates that India is a net exporter of dairy products.