Year: 2020 | Month: February | Volume 10 | Issue 1
Time Series Investigation of Milk Production in Major States of India Using ARIMA Modeling
DOI:10.30954/2277-940X.01.2020.10
Abstract:
In India, white revolution was started during 1970’s with Operation flood programme. After this revolution, production of milk in India had tremendously increased. Contribution of diary sector has continuously increased in Indian Gross Domestic Product (GDP). Livestock sector has emerged as an essential growth driver of the Indian wealth. This study is associated with time series data of five major milk producing states in 2017-18 in India. The milk production projection has been made using Auto Regressive Integrated Moving average model (ARIMA) for year 2024-25. From the forecasted figures, Uttar Pradesh would be leading states of India in milk production with 37.68 MMT in year 2024-25. Whole India milk production would reach 252.948 MMT in year 2024-25. This projection helps in formulating national agricultural policy as well as proper planning for products into dairy sector.
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