2024, Vol. 9, Issue 5, Part C
Stability analysis of milk and milk product export from India
Author(s): AA Bhagat, DB Lad, PJ Mahajan and BV Gondhali
Abstract: India is the largest producer of milk in the world with 22 per cent share in global milk production. In India, milk is produced mostly by small holders. The economic impact of dairy industry in India is substantial. Most of the milk produced comes from buffalo, cow and goat. The data on exported quantity and value of milk and milk products from India for the period 1990-91 to 2019-20 (30 years) were studied. The Mann- Kendall test, Compound growth rate, descriptive statistics, Markov chain analysis and a total seven linear and non-linear statistical models were used. It concluded that the export performance of Indian milk and milk products quantity and its value exhibited as positive annual growth rate of 17.20 and 24.46 per cent, respectively. Bangladesh and Egypt are most stable markets among the major importers of Indian milk and milk products while Pakistan, Turkey and UAE are moderately stable. The major gainer among importers of Indian milk and milk products are Bhutan, gained from UAE, Pakistan, Singapore, Turkey and Yemen Rep.
Pages: 220-227 | Views: 42 | Downloads: 8Download Full Article: Click Here
How to cite this article:
AA Bhagat, DB Lad, PJ Mahajan, BV Gondhali. Stability analysis of milk and milk product export from India. Int J Stat Appl Math 2024;9(5):220-227.