ANALYSIS OF EXPORTED INDIAN MARICULTURE PRODUCTS PRICE INFLATION RATE FOR SOME YEARS USING PAASCHE PRICE INDEX

In the present study, through review of the data obtained from reference material a successful attempt has been made to find out the inflation or increment of value of Indian mariculture products in the international market. No such attempts have been made earlier, therefore present study may be considered as a baseline. The percentage inflation in the export value of Indian mariculture products from 1996 to 1999 was 21.77%, from 1996 to 2002 it was inclined to 52.64% and from 1996 to 2005 it was just inclined to 56.65%. The export price of Indian mariculture products has increased from 1996 to 1999 by 21.77%, and from 1999 to 2002 by 30.87% which can be consider as good increment but from 2002 to 2005 it drastically declined to 4.01%, which is very poor increment price and harmful to the growth of mariculture farmers. The percentage inflation was determined using the Paasche price index. The Indian mariculture products export prices have shown a steady rise from 1996 to 2002 but from 2002 to 2005 the export price rise has declined drastically. From the year 2002 to 2005 there was a sudden collapse in the mariculture shrimp farming industry due to various upcoming environmental problems and also shrimp diseases. India has to take requisite steps to overcome the problems presently faced by the mariculture farmers and the related industries so that it revives itself and the export prices of the mariculture products increases for their satisfaction.