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Prescriptive Analysis of Endogenous Production of Asafoetida (Hing) in India

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Title Prescriptive Analysis of Endogenous Production of Asafoetida (Hing) in India
 
Creator Trivedi, Kushagra
Agarwal, Tejal
Bhukya, Devi Prasad
 
Subject Asafoetida policy
Export
Import substitution
Production estimation
Spice
 
Description 1246-1252
Asafoetida (Hing), a crucial spice in Indian cuisine, is predominantly sourced through imports from other countries, such
as Afghanistan and Iran, despite India being the global leader in its consumption (40%). Motivated by India’s heavy reliance
on Asafoetida imports and the transformative potential of endogenous cultivation, this study examines the policy shift
towards endogenous production of Asafoetida in India, with the aim of import substitution. Using import and export data of
Asafoetida from the Ministry of Commerce and Industry, Government of India, the Compound Annual Growth Rate
(CAGR), Coefficient of Variation (CV), and the Cuddy-Della Valle-Instability index (CVD) in Asafoetida trade were
calculated. The implications of this policy on trade dynamics and its ripple effects on various economic variables are
thoroughly analyzed. This study reveals that the average annual import value surpasses exports, highlighting the need for
endogenous production. Moderate instability in Asafoetida trade was found and the necessity of advanced production
techniques and robust supply chains was highlighted. The estimation of total land and seeds required for Asafoetida
production in India is also done to cut imports and achieve self-sufficiency. This study highlights the capability of economic
uplifting of hilly states of India. The policy recommendations advocate for strengthened supply chains, incentivized
cultivation, and supportive frameworks.
 
Date 2024-11-08T06:17:13Z
2024-11-08T06:17:13Z
2024-11
 
Type Article
 
Identifier 0022-4456 (Print); 0975-1084 (Online)
http://nopr.niscpr.res.in/handle/123456789/64835
https://doi.org/10.56042/jsir.v83i11.8213
 
Language en
 
Publisher NIScPR-CSIR, India
 
Source JSIR Vol.83(11) [November 2024]