India is that the world’s largest producer of dairy products by measurements, accounting for quite 14 percent of the world’s total milk production, and therefore the world’s largest milk herd. this is often because there are 75 million dairy farms in India, half the world’s dairy farms. India is additionally highly competitive with many developed countries as its cost is that the lowest within the world and thus it's a comparative advantage in milk production. the sole problem with India is that the high cost of conversion of dairy products. this is often thanks to a scarcity of scale at both production and processing levels. However, despite being the most important producer of milk, India accounts for less than 1% of the worldwide milk trade. However, India may be a net exporter of all dairy products except lactose and lactose syrup. Good potential for Indian casein and powdered milk. There also are whey items. The dairy sector plays a crucial role within the socio-economic development of the country, and forms a crucial segment of the agricultural economy. The dairy industry provides livelihood to many households in rural areas, ensuring the availability of quality milk and dairy products to people in both urban and rural areas. The industry is growing rapidly in line with the growing demand for milk and dairy products within the country. This research paper sheds light on the dairy processing industry which also plays a crucial role in social and economic development in India.

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Keywords: Dairy Products, Socio-Economic Development, Milk Products, Rural Economy.