Saturday, 11 July 2015

Write a note on the recent trends in the economics of meat market in India and the challenges facing the sector. (200 Words)

Livestock sector is an important source of livelihood for the poor. Recent trends in meat market are encouraging.

1. In 2014, India has emerged as world’s third largest exporter of meat.
2. Meat exports have steadily increased since last 5 years
3. Beef is the biggest contributor to our revenues.

While these are encouraging trends, there are several challenges to the meat market:

1. State policies – Banning on slaughter in states like Maharashtra will lead to decline in industry.

2. Quality – India fetches less value per kilogram of meat as compared to other countries. The quality needs to be enhanced by both:
a. Breeding techniques
b. Encouraging feed-fodder cultivation

3. Slaughter houses – There is lack of organized slaughter houses in the country. Further, even established slaughter houses are far from modernization and hygiene. Therefore, the industry is far from potential.

4. Epidemics – Frequently occurring epidemics cause huge losses. Our disease verification and reporting system is still not satisfactory.

5. Diversity – The ecosystem (policies, funding, markets) etc. for other meat products like goat, sheep and other poultry sector is not well developed as that for beef.

6. Lack of domestic market.

India needs to overcome these challenges by increased funding, modernization and developing a domestic market as well. This industry can be a big support in poverty alleviation.

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