Ramakrishnan M, Managing Director, Primus Partners, highlights that India's dairy sector is primarily driven by domestic consumption, with exports comprising only a small fraction of total production. He emphasizes that global trade issues have a limited impact on Indian dairy farmers, and that the U.S. heavily subsidizes its dairy sector through programs like the Dairy Margin Coverage (DMC), which support farmers during periods of price or production downturns. He suggests that India should evaluate the extent of U.S. dairy subsidies before engaging in trade negotiations.