Trend, Instability and Decomposition Analysis of Coconut Crop: Comparative Analysis of Major States
Published by: Admin
Authors: Smitha P
Abstract
India holds a leading position in global coconut production, contributing 31.45 per cent of the world’s output with 19.247 million nuts in the fiscal year 2021-22. This sector significantly impacts the economy, contributing approximately Rs. 30,748 crore to GDP and supporting over 12 million livelihoods. The primary coconutproducing states Kerala, Karnataka, Tamil Nadu, and Andhra Pradesh account for 89.13 per cent of the cultivated area and 90.04 per cent of national production. Karnataka shows the highest growth across area, production, and yield, while Kerala faces challenges with declining area and production. Instability analysis reveals Karnataka as having the highest instability in area, production, and yield, indicating volatility. Decomposition analysis highlights Karnataka’s substantial positive area and yield effects, although offset by a negative interaction effect. India’s strategic export growth has enhanced its global stature, exporting to over 140 countries. These findings underscore the importance of continued advancements in cultivation techniques, market expansion, and sustainable practices to maintain and enhance India’s preeminent position in the global coconut industry.
Keywords:
Economic growth, Structure change, Income, NDP
JEL Classification:
O4, Q1, P2