Question
Which of the following statements is true according to
the OECD and FAO report about India's economic and consumption growth?Solution
Option A is incorrect. The projected per-capita income growth for India is 5.4% per annum during 2024-33, not 4.5%. Option B is incorrect. India and Southeast Asian countries are expected to account for 31% of global consumption growth by 2033, not 40%. Option C is correct. India's share in the global milk market has indeed increased from 14% to 23%. Option D is incorrect. The report highlights that South and Southeast Asia will represent about 40% of additional global consumption, with half attributed to India. Option E is incorrect. Dairy is expected to be the fastest-growing sector in livestock, led by India and Pakistan, not China.
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