What does India’s national budget mean for Dairy?

Union Budget for the FY 2022 presented has allocated Rs 6,407.31 crore ($886 Million) for the Ministry of Fisheries, Animal Husbandry, and Dairying an increase of 44%.

The alternate minimum tax and surcharge have also been reduced from 18.5% to 15% for cooperative societies that are expected to benefit thousands of dairy cooperatives in India, which will result in higher income for the country’s 80 million dairy farmers.