Enormous growth opportunities and scope exist in the Indian livestock industry; all that is required is a right approach in an appropriate direction. No doubt, if the industry is tapped appropriately it can help India become a leader in milk and meat production in the years to come.
As per a recent market research report named, “Indian Livestock Industry”, published by RNCOS, “The livestock industry of India contributes to 8% of the GDP of India, whereas 32% of GDP contribution from the agricultural industry comes from the livestock itself. However, the total contribution that Indian agricultural industry makes to the GDP of India is 25%”.
As per experts, “The contribution of Indian livestock industry was Rs.51Bn to the total export earnings of India in FY05, out of which the contribution of leather and meat products was 50% & 25% respectively”. However, the experts are hopeful that due to the renewed emphasis on livestock development the share will surely improve even further.
As per experts, “Professionally skilled and competent technical, marketing and business workforce which has been developed to provide the most anticipated support that will help boost the Indian livestock industry, as it will lure the foreign investors to invest in this sector”.
The report is a mirror to the entire Indian livestock industry, as it presents a quick tour of each of the 29 Indian states & 6 union territories. The report lists Jammu & Kashmir, Rajasthan, Gujarat and Uttar Pradesh among others as the regions with maximum livestock population.
Also, the report provides a comprehensive analysis of the opportunities and challenges before this industry. The report also provides a comprehensive analysis of the various strategies taken up by the key players in this sector. Government organizations that work towards providing support for the development of the Indian livestock industry and also profiles of the key players in this sector are discussed in this report.
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Indian Livestock Industry: Silent Contributor To Economy
