Competitive Strength in Exports by Agricultural Commodities of India
Through this Research paper, we ascertain relative export competitive strength(REC), also known as India’s leading exports of agricultural products such as rice/wheat/cotton/sugar with time. We ascertained that exports through India of all the four products have been reasonably competitive with time, but they weren’t as competitive as the leading or chosen emerging exporting countries of the previous four products. Also, we discuss REC variants in these commodities with a focus on determinants like ‘crop-specific’ as well as ‘endowments of aggregate factors’, their ‘domestic-prices’, their ‘export-prices’, their ‘Gross Domestic Product per resource’, their ‘prefrential trade deals’ and their ‘bans and restrictions on exports’. Due to data limitations, the regression analysis was primarily limited to the period 1981–2012. Our main findings indicate that the REC declined as a derivative of export restrictions in wheat, rice, and cotton. Resources had negative impacts on REC cotton. In commodities, labour and farm scale had no effect on the REC. The Green Revolution on rice as well as cotton boosted REC. The World Trade Organisation has also created a good impact in rice for the REC. The ‘South-Asian Free Trade Region Agreement’ (SAFTA) impacted REC of wheat as well as rice adversely but also improved REC steadily in both sugar and cotton. Inflated domestic price in cotton contracted its REC. Larger per capita production fortifies REC with a lag on wheat.