ANALYSIS OF INDIA’S AGRICULTURAL EXPORT COMPETITIVENESS AND PERFORMANCE WITH SAARC COUNTRIES
Tariq Ah Nengroo
( Univ. Reg. No: 15414-PC-2008)
Dr. Md Sarfaraz Eqbaal
(Assistant Professor Deptt. Of Economics, University of Kashmir)
In the modern Globalised world trade is regarded as the engine of growth , be it inter-industry or intra-industry in nature and purpose. Openness of an economy has always been a cornerstone in its development provided tacitly understood and shrewdly put to practice. However, what the Under developed counties have had at the name of trade, the brunt and exploitation of colonialism they have been bearing, there has been an increasing trend of closed economies. These nations have been targeting self-sufficiency in order to save their hard-earned freedom.Post independence India too adopted the policies in order to achieve the goal of self-sufficiency.in regard to this third Five-Year plan was formulated with the objective to achieve self-sufficency to become self-reliant country.
The realization of Globalization and its positive spill-over’s have again changed the trend. There are stark examples of nations that have gained immensely because of globalization and liberalization. Countries like ASIAN TIGERS which in include Hong Kong , Singapore , Taiwan South Korea which became the first industrialized region in this part of world, take the advantage of emerging technology and globalization And again experiences of closed, backwards and stagnant economies feature high. In the dichotomy of these two contrasting events what happens to be the current order of the day is Regionalism. Due to regionalism and deepening economic integration the importance of trade has grown tremendously.
In this regard, the current study tries to trace the position of the Indian-Subcontinent given its regional location and its regional trade links. The study aims to assess empirically trade intensity of the India along with revealed comparative advantage of the agricultural sector with respect to SAARC Countries at the aggregate and disaggregate levels. It aims to assess the agricultural export performance of India as agriculture sector has been the backbone of Indian economy and one of the largest employment providing sectors.
The analysis is proposing to use the relevant secondary data, using Harmonized System classification to calculate the trade-intensity index and RCA index. The study aims to put forward findings in order to be useful in policy analysis and
Intervention , and to improve the trade balances of the country. The study aims to help producers and exporters to select appropriate commodities that have comparative advantage for trading. The study also uses compound annual growth rate to examine the trade performance of India over the study period.