Vol. 12, Issue 4 (2023)

Author(s):
Vinay Kumar, SK Goyal, Nirmal Kumar, Amita Girdhar and Manoj Kumar

Abstract:
The study was conducted on the cotton exports of India using Markov Chain analysis technique. The cotton export data from 2011-12 to 2020-21 was used for the research study. Top major cotton importing countries like- China, Bangladesh, Indonesia, Thailand, Turkey and Korea were selected and total of the cotton imports of rest of the countries was labelled as “Others”. The trade directions of Indian cotton exports were analysed using the Markov Chain analysis approach. Transitional probability matrix was formed to know the share of export to each country. The results revealed China as the most stable market as it retained majority of its cotton imports from India followed by Bangladesh.