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      Chapter

      Trade liberalisation and export competitiveness of Indian manufacturing sector
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      Chapter

      Trade liberalisation and export competitiveness of Indian manufacturing sector

      DOI link for Trade liberalisation and export competitiveness of Indian manufacturing sector

      Trade liberalisation and export competitiveness of Indian manufacturing sector book

      An empirical study

      Trade liberalisation and export competitiveness of Indian manufacturing sector

      DOI link for Trade liberalisation and export competitiveness of Indian manufacturing sector

      Trade liberalisation and export competitiveness of Indian manufacturing sector book

      An empirical study
      ByR. Rijesh
      BookThe Routledge Handbook of Post-Reform Indian Economy

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      Edition 1st Edition
      First Published 2021
      Imprint Routledge India
      Pages 27
      eBook ISBN 9780367855741
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      ABSTRACT

      The study examines the export competitiveness of Indian manufacturing at the disaggregated level since the onset of trade reforms in the early 1990s. Although the level of trade protection has declined considerably and there was significant growth of merchandise trade, the traditional labour-intensive items still have a sizable share in the export basket. In the recent period, there has been a noticeable shift towards technology-intensive products like machinery and chemical sectors. The use-based revealed an increase in the import of intermediate and capital goods, while the exports are concentrated in the intermediate and consumer goods segments. There has been a gradual shift of trade preference from OECD to Asian countries, especially China in the recent period. The analysis of export competitiveness using Revealed Symmetric Comparative Advantage (RSCA) index at 6-digit level HS product groups from 1990 to 2018 revealed an improvement in competitiveness, especially the intermediate and consumer goods sectors, but confined to only a limited set of commodities. The analysis indicates that the role of trade liberalisation in improving export competitiveness is not an automatic process and requires deliberate policy interventions and capability building.

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