With approximately over 90 million dairy farmers, the Indian dairy market stood at a value of Rs 11,357 billion in 2020 and was expected to grow at a CAGR of 4 to 4.5 per cent.
Also, India’s milk production has increased over the years.
An economic survey estimated that in the last six to seven years, India’s milk production capacity has escalated by 35.61 per cent to 198.4 million tonnes in 2019-2020, nearly a 6 per cent increase over 2018-19. Meanwhile, dairy and animal husbandry are estimated to contribute 4.2 per cent to India’s GDP.
Looking at these figures makes it obvious that dairy farming in India is still a profitable venture and can generate a consistent income for businesses, whether they be large undertakings or micro farms.
Take the example of IIT alumnus and Intel’s ex-executive Indukuri, who quit his job and opened Sid’s Farm in 2012. Today, Sid’s Farm, located in Shabad, Telangana, has…