Why Danone's dairy division failed in India

India is the world's top producer and consumer of dairy. In 2011, the French dairy company Danone (which goes by Dannon in the United States) hoped to capture some of that market by opening its own dairy division in the country. But seven years later, the company reversed course, shuttering its Indian dairy operations. Analysts attribute this largely to the very different structure of India's dairy industry compared to Europe or North America.