EXPORT PERFORMANCE OF INDIAN TEA

B. VETRI SELVI¹*, K.R. KARUNAKARAN^2
1Department of Agricultural Economics, Center for Agriculture and Rural Development Studies, Tamil Nadu Agricultural University, Coimbatore, 641003, Tamil Nadu, India
²Department of Agricultural Economics, Center for Agriculture and Rural Development Studies, Tamil Nadu Agricultural University, Coimbatore, 641003, Tamil Nadu, India
* Corresponding Author : vetriselvibalakumar@gmail.com

Received : 01-08-2020     Accepted : 24-08-2020     Published : 30-08-2020
Volume : 12     Issue : 16       Pages : 10134 - 10139
Int J Agr Sci 12.16 (2020):10134-10139

Keywords : Export, Growth Rate Analysis, Markov Chain Analysis, Indian Tea Industry
Academic Editor : C. K. Saxena
Conflict of Interest : None declared
Acknowledgements/Funding : Authors are thankful to Department of Agricultural Economics, Center for Agriculture and Rural Development Studies, Tamil Nadu Agricultural University, Coimbatore, 641003, Tamil Nadu, India.
Author Contribution : All authors equally contributed

The Indian Tea industry is nearly 200 years old and acts as the major source of export earnings for India. Having favourable geographical and climatic condition for growing tea, India enjoys the position of being one of the largest producers and export of tea in the world. But there occur various obstacles for both rising global tea trade and Indian tea export. With increased competitiveness in global tea markets due to exports from other nations and raised domestic demand for tea Indian tea export has not increased although there is a rising trend in tea production. To assess the competitiveness of global tea trade, study the growth rate of the area, production and productivity of Indian Tea and assess the sustainability/stability of Indian tea export among the major tea importing countries the following study is conducted using two analyzes say, compound growth rate analysis and Markov Chain Analysis. It is observed from the study that India has the probability of retaining 23.5 percent of its export share of tea in the world market. India’s tea export to major importing countries and world tea export is forecasted till 2025.

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