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India's dairy exports have surged in recent years despite fluctuating trends, particularly in Asian markets.This study examines the performance and determinants of Indian dairy exports under HS 4/6 codes to 46 Asian countries from 2000 to 2022.Export performance and stability were assessed using Export Market Share, Compound Annual Growth Rate (CAGR), and the Cuddy-Della Valle Index (CDVI).In 2022, India held 8.30 percent of the Asian dairy export market, with processed cheese exhibiting the highest growth (CAGR: 41.57%) and butteroil demonstrating the greatest stability (CDVI: 34.93).The highest growth (15.48%) of Indian dairy exports was recorded in Southeast Asia, while Gulf countries emerged as the most stable market (CDVI-54.39).A gravity model using Poisson Pseudo-Maximum Likelihood (PPML) revealed that GDP, per capita income, unit price, immigration, contiguity, and colonial ties positively influenced exports, while exchange rates and geographical distance had negative impacts.Targeted marketing campaigns and strong distribution networks in countries with large Indian diasporas while also strengthening trade relations with neighboring countries can help to boost dairy exports.
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Bhandari et al. (2025) studied this question.
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