Positive Dynamics Of Oilseed In India: An Appraisal Of Structural Stability Regression Model

Abstract

An economy's stability and contribution are reflected in the amount, area, and yield of oilseed agricultural output as well as in the growth, trend, and structural stability of oilseed agricultural production. This study aims to evaluate the oilseed output, area under cultivation, and yield per hectare in India before and after the new agricultural policy (1978–2000) in terms of growth, trend, and structural stability. (since 2001 until 2022). To achieve the goals, secondary data from the Reserve Bank of India's Handbook of Statistics on the Indian Economy (2021–2022) was used. The trend line, t test, and structural stability regression model were employed in the estimate process. From 1978–79 to 1999–2000, the growth rates of total production, area under cultivation, and yield per hectare of oilseeds were 105.7 percent, 36.2 percent, and 65.3%, respectively; from 2000–01 to 2021–22, the figures were 106.7 percent, 529 percent, and 61.9 percent. The yield, area, and productivity of oilseeds per hectare all show favourable correlations. The production, cultivated area, and yield per hectare of oilseeds in India have all changed structurally as a result of the new agricultural policy. The main goals should be to boost yield through technological innovation, enhance cultivation, training, and agricultural research and development, as well as better implement policy in India.