Economic analysis of marine fishing crafts in Thoothukudi province, Tamil Nadu

Abstract

Marine fisheries contribute considerably to the national economy. Fastest growth rate has observed in marine fish production; is attributed equipment modernization in fishing crafts and advancement of fishing technology. Even though, same level of inputs are exerted; there is a discrepancy in their economic performance and efficiency. Therefore, present study was carried out to analyse the inputs use which will give maximum optimal output. The primary data was collected from the 40 respondents from each sector namely mechanized, motorized and traditional, using a pre-tested interview schedule. The stepwise multiple regression approach was performed to find out the most influential variables in each kinds of the fishing crafts. The mechanized crafts have the greater net profit (₹ 9.12 lakhs) and financial performance (58%) than those of the motorized and traditional crafts. The annual fishing days, labour wages and fuel were positively influenced gross revenue of the all the fishing crafts.