Submitted Date : 27-10-2014
Accepted Date : 4-02-2016
This paper aims at conducting a study on recent developments of floriculture industry in India, particularly in terms of production of cut flowers and the growth of the industry and its trade with the world. Primary focus is on the flowers (loose as well as cut flowers) that are grown commercially. Time series data covering a period of last two decades have been used for the study. The paper also reports on the global trade scenario for floricultural products, indicating the major trading countries and their trade. It is observed that during the period the production of both the loose and cut flowers have been growing at a Compound Annual Growth Rate (CAGR) of 9.92% and 26.66%, respectively. However, the first decade did not see substantial growth in export of floricultural products from India. During the last decade, export increased at a CAGR of 4.33%. India’s share of global floriculture trade at present is only about 0.6%.