An economic analysis of Trend and Growth of Exports of Organic Products in India
*P. Mahalakshmi and **A. Seetharaman
Department of Economics The M.D.T Hindu College, Tirunelveli Affiliated to Manonmaniam Sundaranar University, Abishekapatti, Tirunelveli – 627012 India
ABSTRACT
Farmer trading opportunities exist for organic agriculture in both developed and developing countries. As more farmers switch to organic agricultural methods, there is an increase in the export of organic food from India. Due to low domestic consumption, the U.S. and Europe represent the majority of the Indian organic food market. Among other related goods, India has emerged as a major supplier of organic spices, herbs, and basmati rice. The primary drivers of the Indian organic food industry are the country’s strong support for agriculture exports, the rising demand for organic foods in developed countries, and these factors combined. Organic food products are about 20–30% more expensive in India than non-organic food items. This study looks at the growth and development of organic farmers as well as the export of organic goods from India between 2001–2002 and 2022–2023. Using percentage approaches, coefficient of variations, linear trend, and compound growth rate, the growth of organic farming in India was contrasted and examined. Secondary data can be found online, in books, newspapers, documents, brochures, and other comparable sources, among other places. It was shown that the trend coefficient was statistically significant for both Indian producers and exporters of organic products. India saw a 31.1 percent growth in organic product exports and an average increase in organic producers of 3.6 percent. India’s organic farmers have seen growth rates of 12.02 percent and 9.23 percent, respectively, in their exports of organic goods. According to the R2 result, the independent variables may account for 44% of the variations in organic product exports from India and 39% of the variations in organic producer differences.