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Economic Viability of Inland Fisheries in Jharkhand ? A Case of Ranchi
Subject area: Arts, Social Sciences and Humanities · Area of research: Economics
Abstract
Post-2000 economic surveys show a revolutionary change in the consumption pattern of Indian household. It has changed consumer's preference from cereals to commodities such as eggs, meat, milk and fish. The diverse food basket is now voluntarily substituted with the expensive and poorer animal product for calorie-rich cereals. In India, Fishery has been one of the fastest-growing food production systems during the last four decades. On comparing the fish production in the country, it seems India's marine fish production has already reached a plateau and can only forecast a marginal increase in the future. However, inland fish production has depicted rapid growth due to untapped water and fish resources and thriving investments. Hence one has to rely heavily on the inland sector for future demands. Jharkhand, a land-locked state is situated in the Deccan Plateau. Fish production in Jharkhand has gained momentum ever since its inception in 2000. The physical features and the climatic condition have helped boost up fisheries in the state, which in turn has contributed towards livelihood, food security and employment. The study was conducted on Inland Fisheries of Ranchi district in Jharkhand. Primary data was collected from October 2019 ? January 2020. A simple random sampling technique was used to select 100 fisher folks from the district. Data collected were analysed using trend analysis, budgeting technique and profitability ratios. The first part of the paper attempts to assess the trend of Indian and Jharkhand's fisheries sector. The other part deals with, examining the scope of Inland Fisheries in Ranchi. The result of the budgeting technique shows that gross margin and net farm income of fish production units are positive. The profitability ratio revealed a benefit-cost ratio of 21.4, rate of return of 20.4, gross revenue ratio of 0.5 and expense structure ratio of 0.7. This indicated that fish production was profitable and viable in the study area. Unavailability of the proper market, high cost of fish feed, high cost of transportation and lack of funds were some major constraints among the fisherfolk.
Keywords
Inland fishery, economic viability, constraints to inland fishery
References
[1] ECONOMIC SURVEY, GOVENMENT OF INDIA. (VARIOUS YEARS). ECONOMIC SURVEY. NEW DELHI.
[2] Bhatta, R. (2001). Production, Accessibility and Consumption Pattern of Aquaculture Products in India. Retrieved 12 17, 2017, from FOOD AND AGRICULTURE ORGANIZATION OF THE UNITED NATIONS: http://www.fao.org/docrep/004/Y2876E/y2876e0w.htm#bm32
[3] Department of Fisheries, G. (2020). Inland Fisheries. Retrieved February 2021, from dof.gov.in.
[4] Directorate of Fisheries, Government of Jharkhand. (n.d.). Jharkhand Fisheries Research and Extension. Retrieved July 2020, from jharkhandfisheries.org.
[5] Emokaro, C. O., & Ekunwe, P. A. (2009). Profitabilty and viability of catfish farming in kogi State, Nigeria, Research Journal of Agricultural and Biological Sciences, 215-219.
[6] Government of India. (2018). Handbook on Fisheries Statistics 2018. New Delhi: Department of Fisheries, Ministry of Fisheries, Animal Husbandry and Dairying.
[7] Olaoye, O. J., Adegbite, D. A., Oluwalana, E. O., Vaughan, I. O., Odebiyi, C. O., & Adediji, A. P. (2014). Comparitive Evaluation of Economic Benefits of Earthen Fish Ponds and Concrete Tanks in Aquaculture Enterprise in Oyo State, Nigeria. Croation Journal of fisheries, 107-117.
[8] Olaoye, O. J., Ashley-Dejo, S. S., Fakoya, E. O., Ikeweinwe, N. B., O, A. W., & Ashaolu, F. &. (2013). Assessment of Socio-Economic Analysis of Fish Farming in Oyo State Nigeria. Global Journal of Science Frontier Research Agriculture and Veterinary, 13 (9).
[9] Olukosi, J. O., & Erhabor, P. O. (1988). Introduction to farm management economics: Principle and Application.
[10] Praduman Kumar, P. J. (2016, December 22). Demand vs Supply of Food in India - Futuristic Projection. Indian National Science Academy, 1579 -1586.
How to cite this paper
@article{1702768,
author = {Sidra Zafar},
title = {Economic Viability of Inland Fisheries in Jharkhand ? A Case of Ranchi},
journal = {Iconic Research And Engineering Journals},
year = {2021},
volume = {4},
number = {12},
pages = {68-73},
issn = {2456-8880},
url = {https://www.irejournals.com/formatedpaper/1702768.pdf},
abstract = {Post-2000 economic surveys show a revolutionary change in the consumption pattern of Indian household. It has changed consumer's preference from cereals to commodities such as eggs, meat, milk and fish. The diverse food basket is now voluntarily substituted with the expensive and poorer animal product for calorie-rich cereals. In India, Fishery has been one of the fastest-growing food production systems during the last four decades. On comparing the fish production in the country, it seems India's marine fish production has already reached a plateau and can only forecast a marginal increase in the future. However, inland fish production has depicted rapid growth due to untapped water and fish resources and thriving investments. Hence one has to rely heavily on the inland sector for future demands. Jharkhand, a land-locked state is situated in the Deccan Plateau. Fish production in Jharkhand has gained momentum ever since its inception in 2000. The physical features and the climatic condition have helped boost up fisheries in the state, which in turn has contributed towards livelihood, food security and employment. The study was conducted on Inland Fisheries of Ranchi district in Jharkhand. Primary data was collected from October 2019 ? January 2020. A simple random sampling technique was used to select 100 fisher folks from the district. Data collected were analysed using trend analysis, budgeting technique and profitability ratios. The first part of the paper attempts to assess the trend of Indian and Jharkhand's fisheries sector. The other part deals with, examining the scope of Inland Fisheries in Ranchi. The result of the budgeting technique shows that gross margin and net farm income of fish production units are positive. The profitability ratio revealed a benefit-cost ratio of 21.4, rate of return of 20.4, gross revenue ratio of 0.5 and expense structure ratio of 0.7. This indicated that fish production was profitable and viable in the study area. Unavailability of the proper market, high cost of fish feed, high cost of transportation and lack of funds were some major constraints among the fisherfolk.},
keywords = {Inland fishery, economic viability, constraints to inland fishery},
month = {June},
}