Socio-economics of herbal processing units in Himachal Pradesh
Sukhjinder Singh and Sharanjit Singh Dhillon
Indian Journal of Economics and Development
Year : 2016, Volume : 12, Issue : 2
First page : ( 301) Last page : ( 306)
Print ISSN : 2277-5412. Online ISSN : 2322-0430.
Article DOI : 10.5958/2322-0430.2016.00139.6
Socio-Economics of Herbal Processing Units in Himachal Pradesh
Singh Sukhjinder1,*, Dhillon Sharanjit Singh2
1C.S.I.R.-IHBT, Palampur-176061, (H.P.)
2Punjab Scholol of Economics, Guru Nanak Dev University, Amritsar-143005, (Punjab)
*Corresponding author’s email: email@example.com
JEL Codes: 013, 014, 022, 025
Online published on 13 June, 2016.
The study was designed to investigate the economics of herbal industrial units in Himachal Pradesh. Most of the herbal industries are organized as sole proprietorship followed by partnership, private, co-operative and private. Most of the entrepreneurs of herbal industrial units in H.P. were having experience between 21 to 30 years. As an entrepreneur of herbal industry having education in ayurvedic medicine system was high as compared to not having education in ayurvedic medicine system. Profitability analysis revealed that herbal processing industry is a profitable venture. Multiple regression analysis showed that explanatory variables positively affecting the gross return of herbal industry were found to be; expenses on packaging and qualification.