Sustainable Dairy Sector of an Emerging Economy: An Empirical Quest Based on India

Abstract

CONTEXT: The dairy sector has been poised for fierce competitiveness due to the commercialization of the dairy sector and the presence of a global market size of 893 billion dollars. It has received a new dimension with the challenge of environmental sustainability. OBJECTIVE: Considering all these challenges, the present research paper studies the major growth factors and the sustainable approach to dairy development in an emerging economy like India. METHODS: Fifteen major dairy-developed states of India have contributed 90% of the milk production of the country examined from 2001 to 2019. The significance of key growth factors for dairy farming and the dairy value chain is assessed. The opportunity for sustainable dairying is examined. RESULTS AND CONCLUSION: The authors have found that the growth factors of dairy farming and dairy value chain are significant by 1% through the fixed effect (FE) model and random effect (RE) model respectively. Indian dairy farming practices and their approach create optimism about environmental sustainability. SIGNIFICANCE: The present study has observed a series of operational activities that are conducive to the triple bottom approach. With that, this study has mentioned strategies that can steer growth momentum and support sustainable Indian dairy development in the coming times.