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Vol. 11, Special Issue 10 (2022)

Stability analysis of Indian onion export: A Markov chain approach

Author(s):
AA Bhagat, RS Bhoge and BJ Shete
Abstract:
The study was carried out to analyze the export prospects of onion in India by using the Markov chain model. The secondary data on export quantity of onion in India from the period 1990-91 to 2018-2019 (29 years) were obtained from website of Directorate General of Commerce, Industries and Statistics, Kolkata. The analysis revealed that the countries viz. Bangladesh and Malaysia were the most stable markets for Indian onion export. While Nepal, UAE and Oman export markets are moderately stable. The major gainer among importers of Indian onion has been Kuwait gained from Qatar, Singapore and other countries. The increase in exported quantity and value of onion over the base year was 31.16 and 49.56 per cent respectively during the period of last ten years.
Pages: 2291-2293  |  228 Views  76 Downloads
How to cite this article:
AA Bhagat, RS Bhoge and BJ Shete. Stability analysis of Indian onion export: A Markov chain approach. The Pharma Innovation Journal. 2022; 11(10S): 2291-2293.

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