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Dairy sector expected to grow by 15.6% in FY16: India Ratings & Research

Industry Food Processing & Beverages

According to India Ratings & Research, while domestic milk prices have remained firm during FY15, the demand for milk and milk products have remained high. The report further said that the dairy sector grew 12.6 per cent year-on-year (yoy) in FY13 and India Ratings expects it to grow at 15.6 per cent in FY16. India Ratings expects GDP to grow at 6.5 per cent and agriculture at 2 per cent in FY16.

Extracted from BS, Mar 20,’15

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