ARTICLE NAME:

TRADE PERFORMANCE WITH SPECIAL REFERENCE TO CARGO TRAFFIC OF TUTICORIN AND CHENNAI PORTS

AUTHOR NAME

Dr.S.Shantha Sheela

ISSUE:

VOL.1, NO.1

YEAR:

2018

PAGE NO:

103-113

ABSTRACT:

Foreign trade is one of the significant macro fundamental variables of an economy. India still recently was largely a primary goods exporting and mainly an industrial goods importing country. Foreign trade has become an effective instrument of economic growth and employment generation. The present study explains the performance of the Tuticorin and Chennai ports with the help of cargo traffic of the ports. The mean, standard deviation, coefficient of variation, annual and compound growth rate of cargo traffic have been computed with the data from 2005-2006 to 2014-2015. The mean of cargo traffic per year during the study period, at Tuticorin port is 12305 whereas in Chennai it is 364282 respectively. Lesser coefficient of variation in cargo traffic of import is identified in the case of Tuticorin port since its coefficient of variation is 10.04 per cent. The significant annual growth rate in cargo traffic of import is identified in Chennai and Tuticorin ports since their respective annual growth rates are significant at five per cent level. The higher compound growth rate of 13.5406 per cent is noticed in Chennai port. The significant „F‟ statistics reveals that there is a significant difference among the two ports in their cargo traffic of import of materials. The mean of the cargo traffic of export is identified as higher in Chennai and Tuticorin ports since their respective mean scores are 19758 and 4906. The higher consistency in the cargo traffic is 8.07 per cent. The significant annual growth rate of cargo traffic of export is identified in all the two major ports since their annual growth rates are significant at five per cent level. The higher annual and compound growth rates are seen in Chennai Port since these two growth rates are 0.3814 and 16.3803 per cent respectively. The significant „F‟ statistics reveal that there is a significant difference among the two major ports regarding their cargo traffic of export. The present study concludes that the performance of Chennai port has highest over Tuticorin port regarding cargo traffic.

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