Vol. 20 No. 1
Revealed comparative advantage analysis of trade of Indian silk and silk products
Author(s): J. R. DASARI, M. N. VENKATARAMANA AND H. M. NANDINI
Abstract: The silk industry was spread over 60 countries in the world and it contributes to 0.2% of the global textile market. The competitiveness of the Indian silk industry during 2011 to 2021 was examined using the framework of Revealed Comparative Advantage (RCA). It was found that there was comparative advantage in the exports of silk yarn, silk waste and yarn spun from silk waste and fabrics woven with silk. India was not competitive in the exports of raw silk not thrown and silk as indicated by the negative values of Revealed Symmetric Comparative Advantage (RSCA). As the importing countries Gross Domestic Product (GDP) increases, the possibility of trade enhancement increases from India. Hence, to become globally competitive, India needs to focus on exports of silk products to the selective markets based on the comparative advantage. It will lead to revival of growth in silk exports.
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