Positive Growth for Dairy in for the Year 2015

According to India Ratings and Research (Ind-Ra), the dairy sector is likely to witness positive growth, increase in market size and milk production and strong rise in exports in the next fiscal. India's milk sector is regarded as one of the world's fastest growing market and the agency expects it to expand by 16.3 percent in FY'15 The positive outlook also stems from increasing the government's initiatives on improving rural income.The agency also assigned a stable outlook to the dairy cooperatives (DCs) for FY'15. On the back of likely favourable monsoons and strengthening farmer base of the cooperative model, National Dairy Development Board (NDDB) expects 5.47 percent year-on-year growth in milk production in FY'15. It said export opportunities have opened up as milk production is higher than domestic demand.