Performance Evaluation of Sugar Industry in India
DOI:
https://doi.org/10.31305/rrijm2022.v02.n02.002Keywords:
Sugar, Sugarcane, Export-Import, Domestic consumption, Fair Remunerative PriceAbstract
Sugar industry is the 2nd biggest agro-based industry in India and it significantly contributes altogether to the socio-economic development of the country. The aim of the present paper is to assess the performance of sugar industry in India. Sugar production, export & import and domestic consumption are taken as performance indicators. Further, the study analysed the trends in Fair Remunerative Prices (FRP) sugarcane in India. The study based on the secondary data that has been taken from the various government reports and websites. The results of the study indicated that total agricultural cropped areas are increasing and percentage of sugarcane areas in total cropped areas are increasing and decreasing over the period. Annual growth rate of FRP of sugar was highest in 2009-10 with 59.94 %. There are zero annual growth rates of FRP of sugar during the period 2008-09, 2016-17 and 2019-20 whereas compound annual growth rate of FRP was 8.74 over the period. Export of sugar was increasing whereas import of sugar was decreasing over the period. Domestic consumption of sugar was decreasing between 2018-19 to 2019-20, after that it was continuously increasing.
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