A partial equilibrium analysis of India's agricultural export to GCC: looking beyond the status quo(2009-2015)

Ayyub, Salahuddin and Manral, Prerana (2017): A partial equilibrium analysis of India's agricultural export to GCC: looking beyond the status quo(2009-2015). Published in: International Journal of Business Economics and Management Research , Vol. 8, No. 7 (July 2017): pp. 40-61.

Abstract

GCC fulfills 60 to 90 percent of its food demand through imports. Currently GCC imports 12 percent of its Agriculture products from India. An effort has been made in this paper to understand the trend and pattern of India’s Agriculture export to GCC with the help of Descriptive Statistics and to find out the impact of tariff reduction on India’s agriculture export to GCC Partial Equilibrium Analysis (Smart Analysis) has been used and BRCA has been used to find out the agriculture products where India has comparative advantage in GCC import market and to make a comparative analysis of GCC countries as a destination of India’s agriculture export. In case of zero tariff in GCC, India’s agriculture export will see highest growth in Saudi Arabia ($106 Million) followed by UAE ($89 Million), Kuwait ($40 Million), Qatar ($23 Million), Oman ($22 Million) and Bahrain ($6 Million). Out of 231 agriculture products, India has highest average number of products with BRCA in Qatar (76), followed by Oman (74), Kuwait (67), Bahrain (59), UAE (52) and Saudi Arabia (28).

• Item Type: MPRA Paper
• Language: English
• Keywords: GCC, India, Smart Analysis, RCA
• Subjects: F - International Economics > F1 - Trade; F - International Economics > F1 - Trade > F17 - Trade Forecasting and Simulation; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q1 - Agriculture

References

Shah, Mahendra (2010) “Gulf Cooperation Council food security: balancing the equation”, Springer Nature, Macmillan Publishers Limited, Published online 25 April 2010.

Biswajit Mohapatra (2016) “India and GCC Relations – New Horizons”, Diplomatist, Special Report, INDIA-GCC: Partners in Growth, July 2016, pp.8 - 9, published by Diplomatist Magazine, Delhi in association with the Gulf Division, Ministry of External Affairs, Govt of India

International Agricultural Trade Report, August 2014, Foreign Agriculture Service, United States Department of Agriculture.

The Hindu, Oct 1, 2015

Shayah M. Hazem, & Qifeng, Yang (2015) “Development of Free Zones in United Arab Emirates”, International Review of Research in Emerging Markets and the Global Economy (ISSN: 2311-3200), Vol: 1 Issue 2286.

Woertz Eckart (2010) “Arab Food, Water and the Big Gulf Landgrab that Wasn’t” The Brown Journal of World Affairs.

RigiLadez Saeed & Khan Mohd Asef (2014) “Trade relations between India and Gulf cooperation council countries- An Empirical Study”, IRJBM (www.irjbm.org), Volume No. VII, November, 2014 Issue-11.

Prasanta Kumar Pradhan (2010) India and Gulf Cooperation Council: Time to Look Beyond Business, Strategic Analysis, 34:3, 409-419, DOI: 10.1080/09700161003659103

Karayil Sajitha Beevi (2007) “Does Migration Matter in Trade? A Study of India's Exports to the GCC Countries” South Asia Economic Journal January 2007 vol. 8 no. 1 1-20 DOI: 10.1177/139156140600800101

Pradhan, Samir Ranjan (2006), India‟s Export Potential to the GCC Countries”, UNESCAP research paper, Bangkok, Thailand.

Das Prasann Kumar & Pradhan Samir Ranjan (2014), “India-Gulf Trade Relations” , IOSR Journal of Economics and Finance (IOSR-JEF) e-ISSN: 2321-5933, p-ISSN: 2321-5925.Volume 4, Issue 1. (May-Jun. 2014), PP 31-41.

“FTA to boost India’s links with UAE and GCC” (2016), http://www.emirates247.com/business/economy-finance/fta-to-boost-india-s-links-with-uae-and-gcc-2016-02-09-1.620406

Shah Mahendra (2010) “Gulf Cooperation Council food security: balancing the equation”, doi:10.1038/nmiddleeast.2010.141; Published online 25 April 2010 Commentary

Abotorabiardestani Zahra (2015) “The GCC States and India Relations”, IMPACT: International Journal of Research in Applied, Natural and Social Sciences, Vol. 3, Issue 6, 1-8

Insel Aysu and Tekce Mahmut (2009) “Bilateral Trade flows of the Gulf Cooperation council Countries: A New Approach to Gravity Model”, Middle Eastern and North African Economies, Middle East Economic Association and Loyola University, Chicago

UN Comtrade Database

WITS, World Bank