*Research Scholar, Department of Commerce, University of Kalyani, Nadia, India. Email id: gautamroy.1981@gmail.com
**Assistant Professor, Department of Commerce, University of Kalyani, Nadia, India. Email id: biswambhar.mandal@gmail.com
Online published on 8 January, 2019.
The present study analyses the growth of tea industries in West Bengal compared to India. Growth of tea industries in West Bengal depends on the firm's overall performances and government's policy towards the firms, tax structure, government's intervention etc. The study is based on secondary data collected from Tea Board of India, Indian Tea Association, Siliguri Auction Centre, Ministry of Corporate Affairs and data collected from Banijya Tatha Bhaban (Kolkata) for the period from 2006–07 to 2017–18. We evaluate the growth of tea industries in West Bengal with the help of areas of tea cultivation, tea production, tea export, tea import, average auction price of tea and average labour employed in tea industry. We have measured the growth with the help of annual growth rate (%), Compounded Annual Growth Rate (CAGR) and Chi-square (χ2) test has been tested whether the growth rate is satisfactory at 5% level or not. The CAGR result shows that except export of tea, in all other cases growth rate is higher than India is moderate but not satisfactory. Growth of tea import in West Bengal is lower than India but it is favourable for the industry. χ2 test results shows that growth of tea exports and tea imports are satisfactory at 5% level of significance and rest of the cases χ2 test results are not satisfactory. Except tea production and tea export, in all other cases trends of West Bengal are better than India.
Tea Industry, Growth, Trends, CAGR, χ2 Tests, West Bengal, India
