COMPOUND GROWTH RATE OF BANANA IN INDIA AND TAMIL NADU– AN ECONOMIC ANALYSIS

Abstract

Banana is an important commercial plantation crop and is one among the most traded commodities in the global market. In India, banana ranks first in production and third in area among fruit crops.  It accounts for 13 per cent of the total area and 33 per cent of the production of fruits. In this paper an attempt is made to analyze the growth rate of planted area, production and productivity of banana in India and Tamil Nadu. This study is mainly based on a time series data has been collected for the years 1950-51- to 2015-16.  Trend analysis and the Compound Growth Rate are calculated to understand the changes during the growth rate and importance of crop. the growth rate of area, production and productivity of Banana in Tamil Nadu was 2.04, 4.38 and 4.96, respectively. The growth rate of area and production was almost equal in India and Tamil Nadu but in case of productivity the growth rate was observed a huge difference of 4.96 in Tamil Nadu whereas it was 1.85 in India