Year: 2022 | Month: December | Volume 11 | Issue 4

Growth Instability and Comparative Advantage in Export of Indian Rice

Jitendra Suman Prem Singh Shekhawat Sheela Kharkwal Devendra Kumar Verma
DOI:10.46852/2249-6637.04.2022.3

Abstract:

India is the second largest producer and leading exporter of rice in the international market. More than 60 per cent of the world’s population depends on rice as one of their main sources of food, and it contributes significantly to agriculture. Factors like introduction of high yielding and quality varieties along with suitable rice production technologies during the Green Revolution period has enhanced the Indian rice production and also trade liberalization is positively influenced the Indian rice export. So, present study explored the growth rate, instability and comparative advantage in export of basmati and non-basmati rice. The study used secondary data of rice export for the period 2001-02 to 2019-20. Result of the study revealed that export of basmati rice was registered higher growth at rate of 19.96 per cent as compare to non- basmati of 12.63 per cent per annum. Both basmati and non-basmati rice shows high degree of instability in export but basmati rice was found more stable (43.98 per cent) than nonbasmati with 63.46 per cent instability during the study period. The result also indicated that except USA all countries had greater than one value of revealed comparative advantage and positive value of revealed symmetric comparative advantage during the study periods. The estimated value of RCA for India had increased from 8.14 in 2001-02 to 13.14 in the year 2019-20 indicated India had comparative advantage during whole study period.

Highlights

  • Basmati, Growth rate, Instability, RCA and RSCA




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