Download This PaperA Descriptive Analysis of Fisheries Sector in Haryana
Garg, Ishu and Gupta, Karnika (2019), "A Descriptive Analysis of Fisheries Sector in Haryana", Apeejay Journal of Management & Technology ( Apeejay Institute of Management & Engineering Technical Campus, Jalandhar, Punjab, India), Vol. 14, No. 1, pp. 37-45, Jan. (2019).
9 Pages Posted: 21 May 2020
Date Written: January 31, 2019
Abstract
The present study makes an analysis of fisheries sector in Haryana. For this purpose, data are collected from various issues of Statistical Abstracts of Haryana and Handbook on Fisheries Statistics. Collected data are analyzed by computing descriptive statistics, compound annual growth rate (CAGR) and regression model. It is found that fish farming area and fish production have grown at the CAGR of 5.127 per cent and 9.636 per cent respectively for the period 2004-05 to 2017-18. Unfortunately, for the same period, number of fishing licenses issued is found to be experiencing negative CAGR equal to -0.057. Meanwhile, production of fish seeds have grown at CAGR of 16.183 per cent during 2004-05 to 2013-14. However, GSDP from fisheries sector is compounded annually at the appreciable rate of 21.288 per cent which is higher than the growth rate of agricultural GSDP (13.315 per cent) and overall GSDP (15.720 per cent). Moreover, elasticity of agricultural GSDP as well as overall GSDP with respect to fisheries GSDP are found to be 0.617 and 0.700 respectively during the time period under consideration. On the basis of these results, it can be inferred that to sustain and uplift the contributions of fisheries sector in Haryana focused attention towards the development of this sector is urgent.
Keywords: Fisheries, GSDP, CAGR, Elasticity, Haryana
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