Opening India’s dairy to US to cause Rs 1.03 lakh crore loss to farmers: SBI

Opening India's dairy sector to the US under the proposed trade deal could lead to a 15% drop in milk prices, potentially causing an annual loss of ₹1.03 lakh crore to Indian dairy farmers and increasing milk imports by 25 million tonnes, according to a report by the State Bank of India. The report also flagged concerns over genetically modified products and growth hormone use in US dairy, warning of risks to small farmers and public health.