Download This PaperLessons from Working of Dairy Co-operatives under WTO Regime in India
18 Pages Posted: 14 May 2020
Date Written: April 19, 2020
Abstract
Though dairy industry is the single largest contributor to India’s GDP and involves over 80 million small farming households with its profound social impact, the opening up of the Indian market to an influx of foreign goods has raised much concern about the status of the Indian dairy industry in the era of WTO regime where it has to face significant competition from foreign players. The subsidies provided by the developed countries to their dairy farmers has helped them to lower their price of dairy products and consequently influencing the world prices, affecting, in turn, the farming community in developing world as this provides good opportunities for the traders to import cheaper milk products and thereby earn high profits at the expense of farmers belonging to developing world like India.
Keywords: Dairy Cooperatives, WTO, India
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