Overview of India’s Blooming Horticultural Economy: A Comprehensive Growth Dynamics
Vijayakumar J.S. *
Department of Agricultural Economics, College of Agriculture, University of Agricultural Sciences, Dharwad, Karnataka, 580005, India.
Akshata Annasab Magadum
Department of Agricultural Economics, College of Agriculture, University of Agricultural Sciences, Dharwad, Karnataka, 580005, India.
Madhumathi P
Department of Agricultural Economics, College of Agriculture, University of Agricultural Sciences, GKVK, Bangalore, Karnataka, 560065, India.
Chandana
Department of Agricultural Economics, College of Agriculture, University of Agricultural Sciences, Dharwad, Karnataka, 580005, India.
*Author to whom correspondence should be addressed.
Abstract
The present study was conducted to analyze the growth in area, production and productivity of overall horticultural crops in India and Karnataka. The study was based on purely secondary data related to area, production and productivity of horticultural crops, collected from various public sources especially; Karnataka State Department of Horticultural for a period of 20 years, which was divided into two periods (10 years each); Period-I (2000-01 to 2009-10) and period-II (2010-11 to 2019-20). The Compound Annual Growth Rate (CAGR) technique was employed to evaluate trends in area, production and productivity. The results obtained from analysis indicated that, the Compound Annual Growth Rate for area, production and productivity of horticultural crops in India for a period-I was reported 3.04 per cent, 5.45 per cent and 2.34 per cent, respectively and for a period-II was showed 1.74 per cent, 3.00 per cent and 1.24 per cent respectively, which were positively significant in both periods. Whereas, the Compound Annual Growth Rate for area, production and productivity of horticultural crops in Karnataka for period-I was around, 2.28 per cent, 5.10 per cent and 2.74 per cent respectively and for the period-II was also reported significantly positive trend in area (2.6%), production (3.25%) and productivity (0.58%) respectively. The study concluded with positive trend in all cases. Hence, there is a potential scope for growth in horticulture sector in both country and state.
Keywords: Area, compound annual growth rate, production, productivity, horticultural crops