Year: 2024
Type: article
Abstract: 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.
Authors: Kushagra Trivedi, Tejal Agarwal, Devi Prasad Bhukya
Language: English
Domain: Life Sciences
Open Access status: diamond
OpenAlex ID: W4404220217