The study was carried out with a view to analyze the compound growth rate and instability index in area, production and productivity over last ten years. It based on secondary data collected from National Horticulture Board Database-2011 on area, production and productivity of spices in India. India has achieved positive and significant growth rate in production (4.36 %) and productivity (6.26 %) over the years. It also indicates that increasing trend in productivity leads to increase in production. In case of area the negative growth rate was found over the years due to diversification of agricultural field crops. Furthermore, the study showed low variability index in all three parameters. The spices crops recorded positive growth in export over last year in terms of value earned. The high growth and low instability index indicates sustainability in production which is the prerequisite and reflects positive indication for the export potential from India.

Keywords: Spices, growth, instability, area, production, productivity, export and import