Beef and poultry production in India is expected to increased by 29% and 41% respectively up to the 2013-2014 fiscal year due to increased demand from higher incomes and prevalence of western style restaurants, says the latest edition of India Agribusiness Report. It said over the last five-year forecast period, production across all agricultural subsectors will be positive, spurred by increased demand, foreign direct investment. Dairy and livestock will also benefit from improved technology adoption, which could set a strong example and produce a model for other subsectors to follow. Because of marketing schemes targeted at the general population and generally greater demand for high-value dairy products such as yoghurt and cottage cheese, butter and milk production is expected to grow by 38% and 26% respectively to 2013/14.
Source: Asian Agribusiness
