Competitiveness of Indian Rice Exports After the Liberalisation: 25041
Price: ₹ 1000
https://doi.org/10.35716/IJED-25041
Author: A. Athira and S. Rajendran
Author Address: Department of Economics, Vivekanandha College of Arts and Sciences for Women (Autonomous), Tiruchengode, Namakkal-637205 (Tamil Nadu)
Abstract
The study was
based on secondary data collected from the FAO between 1991 and 2022 regarding
the increasing trend in rice production, consumption, and export of rice from
1993 to 2022. Domestic consumption increased, but the growth rate was lower
than production. However, the export data showed substantial growth during the
period. In the overall period, world production and consumption had slightly
increased and were almost balanced. In most years, the export price of Indian
rice was higher than the world price. As a result, India was not price-competitive
in exports. The domestic surplus was statistically significant and positively
affected the quantity of rice exported. The global deficit had a negative
impact, and the price ratio had negatively affected rice exports of India;
however, this effect was statistically significant. To make Indian rice
exports more competitive, every effort shall be made to reduce production costs.
Scientific application of inputs, including water, is essential to reduce the
cost of rice cultivation.
Keywords
Competitiveness, consumption, export, import, rice production.
JEL Codes
C22, F14, Q11, Q17.