A Web of Science Journal Estimation of CAGR for milk production in India
R. Azhagesan, 2*J. Jeevamathi and 3V. Pounraj
1&2Department of Agricultural Economics, Faculty of Agriculture, Annamalai University. Annamalai Nagar-608002 India 3Department of Economics, Faculty of Arts, Annamalai University, Annamalai Nagar-608002 India * Address for Correspondence J. Jeevamathi, Research Scholar, Department of Agricultural Economics, Faculty of Agriculture, Annamalai University, Annamalai Nagar, Tamil Nadu–608002 India Email: jeevamathi1702@gmail.com
ABSTRACT
India was leading the world in milk production for the previous 15 years. Agriculture and animal husbandry account for the majority of India’s economy, with production playing an important role. Now a day’s people give more preference to unbranded milk available in the market to do it freshness and price. In this back ground the present study was undertaken and the objectives are framed. The main objectives of the study: to analyze the Compound Annual Growth Rate of Milk Production in Tamil Nadu. The study was carried out to analysis the growth and performance of Milk Production in the India and Tamil Nadu. The secondary data were collected and analysis by using the compound growth rate. The CAGR of milk production is higher to ensure food and nutritional security of the growing population, there is a need to increase the production of milk from its present level.