Growth Trends in Production and Export of Indian Spices using LOESS Approach

Abstract

India is one of the largest exporters of spices in the world. Spices are the best source of forex currency to India.  They are a good source of lively hood for the billions of formers in different states across India. It is very much essential to know the growth analysis of different spices in terms of production as well as in export which effects the Indian economy and the life style of farmers. This paper attempts to analyze trends in growth of level mazer Indian spices in terms of their production and exports during the years 1971-2017. The variables considered for production are Area, Volume, and yield. and for exports Quantity, Volume and Unit value. By using LOESS method, Men growth rate was calculated for all the years with reference to all the commodities. Growth parameter for each commodity is also analyzed. Data was analyzed with the help of open source software R.