ISO 9001:2015

STRUCTURE AND CONCENTRATION OF INDIA’S MARINE PRODUCT EXPORTS

Globally India is at rank fourth in fisheries production, after China, Indonesia and the United States. In terms of aquaculture India ranked third, after China and Indonesia (FAO, 2017). Indian Marine Products Export sector is registering high growth rates and plays a major role in terms of employment and food production, the later providing nutritional security. As per National Fisheries Development Board (NFDB), fisheries and aquaculture contribute over 1% to India’s total GDP and just over 5% to its agricultural GDP (2018). The sector employs more than 14 million people, of which 3.9 million are fisher folk. The present study is based on the secondary data compiled from UNCOMTRADE.COM and 14 sub-categories of marine product exports considered by Directorate General of Foreign Trade (DGFT). The study focuses on analyzing the structure, growth and concentration of Marine Product Exports of India for the period 1988-89 to 2020-21. The compound annual growth rate for marine product exports is registered as 8.8 per cent during the study period 1988-89 to 2020-21. For the considered study period, the highest growth rate (33 per cent) is recorded by the sub category of Prepared or preserved Fish (HS Code 1604) and the lowest growth rate is -6.3 per cent for the sub category of Animal Products Not Elsewhere specified or Included (HS Code 0511) of India’s Marine Product Exports. The concentration ratio (4) has been fluctuating from 0.87 to 0.98 for the considered study period.

               

KEYWORDS: Marine Products Exports, Concentration, Animal Products, GDP, NFDB.


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