PAN Data to Transform Dairy Cooperatives, GDP Metrics
In a significant development for India’s cooperative sector, Cooperation Secretary Gyanesh Kumar emphasized the vital role of PAN (Permanent Account Number) data collection from cooperative societies in ensuring accurate GDP estimation and policy formulation. Speaking at a government event, Kumar revealed that India’s vast network of over 8 lakh cooperative societies has long operated in […]
Joint Closing Statement by the IDF and GDP for COP 29
COP29 has concluded in Baku, Azerbaijan, and the International Dairy Federation (IDF) and Global Dairy Platform (GDP) reaffirm the global dairy sector’s steadfast commitment to a sustainable food system, climate action, and global nutrition security. The dairy sector continues to prioritize environmental progress while producing nutrient-dense food and generating positive socio-economic impact in a world […]
Dairy Report: What China’s Slowing Economy Means for Dairy
China’s slowing economy is not helping global dairy prices. The country’s second quarter GDP grew 6.3% compared to the same quarter last year, smaller than what analysts expected. Last year GDP grew only by 0.4%, the second smallest growth rate in the past 10 years. Market watchers say China has been importing few dairy products […]
Livestock sector Catching Up in Recent Years
The allied sectors of Indian agriculture – livestock, forestry & logging and fishing & aquaculture are gradually becoming sectors of buoyant growth and a potential source of better farm incomes. The livestock sector grew at a CAGR of 7.9 per cent during 2014-15 to 2020- 21 (at constant prices), and its contribution to total agriculture […]
The dairy industry helps farmers by creating employment
Milk is the biggest agricultural commodity in India. It contributes 5% to the national economy and directly employs 80 million dairy farmers. Improvement in economic activity, increase in per capita consumption of milk and milk products, change in dietary preferences, and increasing urbanization in India has led the dairy industry to grow by 9-11% in […]