Question: How much would growth in dairy sector in this fiscal?
(a) 5-6%
(b)8-9%
(c)15-16%
(d)12-13%
Answer- a
Related facts
- Revenue of the organised dairy sector in India, after churning to a decadal-low growth of 1 per cent last fiscal, is expected to grow 5-6 per cent to `1.5 lakh crore this fiscal, Crisil said on May 27, 2021.
- Crisil is a reknonwed rating agency.
- Healthy demand revival in value added products (VAP, 30-35 per cent of organized sector revenue) post pandemic effect last fiscal, lower restrictions as compared with the earlier covid wave, and steady demand for liquid milk (65-70 per cent or organized sector revenue) will help support overall growth in the current fiscal.
- With increasing demand, milk procurement prices are expected to increase; albeit higher sale of VAP will buttress material impact on profitability. Besides, skimmed milk powder (SMP) inventory will also decline by end of this fiscal from the peak seen last fiscal, easing working capital borrowings.
By — Pankaj Pandey.
Link:
https://www.dailypioneer.com/2021/business/dairies-to-log–5-6–growth-this-fiscal–crisil.html