Milk industry sounds the alarm as India's production growth sees steep fall

From 6.62 per cent in FY18, India's milk production growth rate has fallen sharply to 3.78 per cent in FY24. The country, however, still remains the world's largest producer of milk

India, the world’s largest producer of milk, is seeing a slowdown in its rate of growth in production, latest data showed.

 

Annual milk production growth rate, which was 3.83 per cent in financial year 2023 (FY23), has slowed down to 3.78 per cent in FY24, though the country continues to remain the world’s largest producer of milk at 239.3 million tonnes (mt). Milk production growth rate was 6.62 per cent in FY18, 6.47 per cent in FY19, 5.69 per cent in FY20, 5.81 per cent in FY21, and 5.77 per cent in FY22.

 

The drop in growth has raised alarm