Comparative advantage and direction of trade in export of marine products from India

VINOD  NAIK; NETHRAYINI  K R; KAMAL  SINGH

VINOD NAIK Department of Economics, School of Social Sciences Central University of Himachal Pradesh, Dehra - 177 101, Himachal Pradesh
NETHRAYINI K R Department of Agricultural EconomicsUniversity of Agricultural Sciences,GKVK, Bengaluru - 560 065, India
KAMAL SINGH Department of Economics, School of Social Sciences Central University of Himachal Pradesh, Dehra - 177 101, Himachal Pradesh

Keywords: Comparative advantage, Exports, Marine products, Markov Chain

Abstract

The study aims to examine the export performance and potential, comparative advantage and direction of tradeof Indian marine products and its possible impact on Indian economy. The secondary data required for the study werecompiled from various sources likeTrade Mapand Marine Products Export Development Authority for the period of2002-03 to 2021-22.The Revealed Symmetric Comparative Advantage (RSCA) index and Markov Chain techniquesrespectively were used to assess the export competitiveness and direction of change in export of Indian marine products.Theresults of the study revealed that, the RSCA index was around 0.60 in 2002-03 which was highest value till date and reducedto 0.17 during 2009-10. Further it has been observed from the Markov Chain technique that, USA was identified as one ofthe most loyal importer and Middle East countries and ‘Others’ were identified as unstable importers of Indian marineproducts