New Delhi, Dec. 25 -- There is a first world problem visiting the shores of the developing world, and it's called deflation. India has been seeing some deflationary pressure, or at least price stagnation across several sectors in the economy in the last six months. Not a healthy sign for a growing economy perhaps, but that's another other discussion. Limited inflation in food is actually a good thing.

But that's not the situation in the dairy sector (onions are a different bulb game all together). Anyone following the space would know that consumer prices of most dairy products have gone through a steep increase in the last three months. Milk prices in Delhi-NCR have gone up by 10 percent to Rs 46/ltr, and similarly in other regions, touch...