Growth and Potential of Floriculture (Marigold) in Madhya Pradesh

Lokesh

Journal of Global Economy, 2023, vol. 19, issue 3, 139-179

Abstract: This research focuses on investigating the Growth and potential of the Marigold Flower industry in the Betul district of Madhya Pradesh. The study aims to provide insights into the current status of floriculture; identify critical factors influencing its Growth; evaluate the output potential; see the challenges faced by the farmers in the floriculture business and propose strategies for floriculture growth in Madhya Pradesh. The results are based on Primary and Secondary Data that was collected through personal interviews and other authentic secondary sources. The Preliminary findings suggest a growing trend in the floriculture industry in Betul, with traditional practices prevailing. Challenges include limited awareness, market linkages, lack of export potential, access to credit, etc. Despite these challenges, marigold floriculture offers supplementary income and employment potential to the Betul district. The study recommends some interventions such as modern training, improved market connections, awareness campaigns to enhance floriculture growth, Government support, sustainability considerations, community involvement, and export promotion, etc are essential for maximizing the industry's potential. Collaboration among stakeholders can foster a robust floriculture sector, contributing to local economic development and environmental sustainability.

Keywords: Agricultural Economics; Economic growth (search for similar items in EconPapers)
JEL-codes: Q11 Q12 R11 (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.rcssindia.org/jge (application/pdf)
http://www.rcssindia.org (text/html)
Not freely downloadable

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:jge:journl:1931

Ordering information: This journal article can be ordered from

Access Statistics for this article

Journal of Global Economy is currently edited by Dr J K SACHDEVA

More articles in Journal of Global Economy from Research Centre for Social Sciences,Mumbai, India
Bibliographic data for series maintained by Dr J K Sachdeva ().