International Journal of Business and Economics Volume 20, No. 1 June, 2021

Identifying Markets and Forecasting Export Prospects for India's Marine Products

Ram Singh

Professor & Head (MDPs), Indian Institute of Foreign Trade, New Delhi

Areej Aftab Siddiqui

Assistant Professor, Indian Institute of Foreign Trade, New Delhi

Abstract

The marine sector in India holds tremendous potential for growth, export expansion and employment generation primarily due to India’s competitive advantage in the production of marine products. In the present paper, an attempt has been made to identify the key destinations for India’s marine export using trade analytical tools like Revealed Comparative Advantage and Import Intensity Index. ARIMA forecasting is applied to map the export potential of selected marine products to specific destinations. The paper also provides suggestions to exporters and the policymakers on tapping the future export potential of marine products in selected countries.

Keywords：Marine Sector, India, Export Forecasting, Revealed Comparative Advantage, Import Intensity, ARIMAt.

JEL Classifications：F14, F17, O13, O53.

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