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M. CHARWAKA*, Y. PRABHAVATHI, N. VANI AND G. MOHAN NAIDU
Institute of Agribusiness Management, S.V. Agricultural College, Tirupati, A.P., 517 502.
Tobacco is one of the commercial crops grown in India and and in many other countries. Nicotiana tabacum and Nicotiana rustica are the commercially cultivating species of tobacco. Tobacco is contributing a significant income to the nation economy in the form of excise revenue and foreign exchange. Though India is the third largest producer and second largest exporter of tobacco, its share in global tobacco trade is only six per cent by value. The main objective of the study is to analyse the structural changes in tobacco exports from 2009-10 to 2017-18 by using markov chain analysis. The major findings of the study revealed that South and South East Asia was the stable export destination for Indian unmanufactured tobacco followed by West Europe and Middle East. Africa was found to be unstable market for Indian unmanufactured tobacco during the study period.
KEYWORDS:
Transition probability matrix, exports, imports, stable and unstable markets