Livestock plays a crucial role in the Indian economy. Around 20.5 million people depend on cattle for their basic needs or standard of living. Two-thirds of rural communities get employment opportunities from the livestock. Livestock provides an average of 14% of the income of rural households, while small farm households provide 16%.
The livestock industry generates 4.11% of GDP and 25.6% of total agriculture GDP. Here are some significant roles of livestock agriculture in the economy:
- Contribution to GDP
Livestock farming, including poultry production, meat, and dairy, contributes to a country’s GDP.
- Employment Opportunity
Livelihood farming provides employment opportunities to millions of people, especially in rural areas. It helps in generating employment opportunities at several phases, including fodder cultivation, animal care, processing, and marketing.
- Income source for farmers
Livestock farming is an important source of income for small and marginal farmers. It improves the economic well-being of farming households.
- Dairy Industry
The dairy industry is a significant part of livestock agriculture. Farmers’ income increases with milk production, and it also supports various related industries, including dairy processing, packaging, and distribution.
- International Trade
Dairy-related products and meat production are exported, which contributes to foreign exchange revenue. International trade helps countries with strong livestock industries.
- Rural Development
The livestock industry is also improving rural development by increasing healthcare, building infrastructure, and supporting educational initiatives.
- Ecosystem and Biodiversity System
When done sustainably, livestock farming provides ecosystem services and can help contribute to biodiversity conservation. Gazing at animals can help to avoid wildfires and preserve landscapes.
“The role of livestock farming contributes to various sectors and contributes to employment, food security, and overall economic development.”