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Vol. 11, Special Issue 6 (2022)

Trend in growth and instability of chemical fertilizer consumption in Chhattisgarh state

Author(s):
Meenakshi Chandra, Vikash Lunawat, Shubham Pandey and Satyanarayan Soni
Abstract:
The present study was undertaken with the specific objective to assess the trend in growth and instability of chemical fertilizer consumption in Chhattisgarh state for the time period of 2005-06 to 2019-20. To analyse the growth and instability Compound Growth Rate (CGR) and Cuddy Della Valle instability index (CDVI) has been used respectively. This study is based on secondary sources of information obtained from various agricultural departments, published articles, etc. Consumption of fertilizers in the state showed an increasing trend throughout the years except the year 2017-19. The estimated compound growth rates (CGR) of total fertilizers (NPK) during 2005-06 to 2019-20 were found to be statistically highly significant (3.40%) at 1% significance level. The instability index value of total fertilizer (NPK) consumption over the years (2005-2020) was estimated as 9.91 which indicates the lower instability in consumption of fertilizers in state. The high growth with low instability indices represents the desirable situation as it implies a steady increase in fertilizer consumption.
Pages: 348-350  |  485 Views  209 Downloads
How to cite this article:
Meenakshi Chandra, Vikash Lunawat, Shubham Pandey and Satyanarayan Soni. Trend in growth and instability of chemical fertilizer consumption in Chhattisgarh state. The Pharma Innovation Journal. 2022; 11(6S): 348-350.

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