Economic recession and Indian seafood exports: reflections and paradigms

Shyam, S Salim and Geetha, R and Athira, N R (2019) Economic recession and Indian seafood exports: reflections and paradigms. Indian Journal of Economics & Development, 71 (12). pp. 1-9.

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    Abstract

    Objectives: Focus of the current article is to identify the trade performance of Indian marine products with reference to two time periods: pre-recession (1995-2007) and post-recession (2008-2018) in terms of geographic and commodity diversification with special focus on analysing the impact of recession via growth, constancy and retention terms. Methods/Statistical analysis: The econometric and statistical tools such as compound growth rates, indices of diversity and instability have been carried out to assess the various parameters of the study. Analysis such as Growth Retention Matrix and Decomposition models were performed to quantify the variability and the sources influencing the growth in marine products of the country and its export. Findings/Application: The study revealed that, amidst the global recession and economic meltdown, the sector performed well. Frozen shrimp registered the highest growth rate during both the recession periods from 3 to 18% in quantity. India continues to be the world largest exports of shrimp and economic recession across the world since 2008. But the trend does hinder neither the growth of Indian export nor the trade, and the growth rate was noted to be around 10 to 15% in the last decade. The study advocated for government interventions in regulating fish exports and the development of a real time fish market grid for the integration of domestic and international markets to ensure more sustainability of fisheries trade and export.

    Item Type: Article
    Uncontrolled Keywords: Economic recession, Decomposition analysis, Growth rate, Export instability, Simpson Index of Diversity
    Subjects: Socio Economics and Extension > Fisheries Economics
    Fishery Technology > Sea Food
    Divisions: CMFRI-Kochi > Fishery Extension
    Subject Area > CMFRI > CMFRI-Kochi > Fishery Extension
    CMFRI-Kochi > Fishery Extension
    Subject Area > CMFRI-Kochi > Fishery Extension
    Depositing User: Arun Surendran
    Date Deposited: 31 Dec 2019 05:35
    Last Modified: 31 Dec 2019 05:35
    URI: http://eprints.cmfri.org.in/id/eprint/13990

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