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Vol. 11, Special Issue 1 (2022)

Export performance of Turmeric in India

Author(s):
VG Jadhav, PP Baviskar, Waghmare SN and GV Bhosale
Abstract:
This study was aimed at investigating the “Export Performance of Turmeric in India”. The nature of data for study is mainly based on secondary sources.The nature of data for study is mainly based on secondary sources. The time series data was obtained for 20 years from the year 2000-01 to 2019-20. The period of study was divided into different periods, i.e. Period I (2000-01 to 2009-10), Period II (2010-11 to 2019-20) and Overall period (2000-01 to 2019-20). The data on export quantity and value were collected from the Directorate General of Commercial Intelligence and Statistics (DGCIS), Government of India, Food and Agriculture Organization (FAO) and National Agricultural Processed Food Product Export Development Authority (APEDA).To examine the growth in export of turmeric from India compound growth rate (CGR) was computed based on its fit using non-linear models, especially the exponential model. Coefficient of variation and Cuddy-Della Valle Instability Index will be used to estimate the instability in export of turmeric data. The present study was undertaken to analyse growth rates and instability in export of turmeric. The study revealed that, compound growth rates were found positive and statistically significant at 1 percent level of significance for all periods for quantity, value in rupees and value in dollar except for value in US dollar in period II. It’s significant at 10 percent level of significance. CVandCDIofturmericexportmeasuredinquantitywas0.47and 0.15 respectively. It was 0.87 and 0.32 for value in rupees and 0.74 and 0.31 for value in dollar respectively. Thus, the export of turmeric from India in terms of quantity, value in rupees and value in dollar were not steady during the reference period. So, the government of India should take the necessary steps to increase both area and production by way of more subsides (irrigation, fertilizer and insecticides, etc.) and introduce high yield varieties of turmeric seeds.
Pages: 425-427  |  420 Views  186 Downloads
How to cite this article:
VG Jadhav, PP Baviskar, Waghmare SN and GV Bhosale. Export performance of Turmeric in India. The Pharma Innovation Journal. 2022; 11(1S): 425-427.

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