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India ranks second position in the exports of textiles and garments with a global share of 6.90 per cent. The export of silk products from India worth Rs.1848.96 crores in 2021-22, which accounted for 0.04 per cent of country's total export earnings. This paper examines the trade performance of India's silk and silk products and its competitors by employing compound annual growth rate, Cuddy-Della Valle Index, Markov chain analysis and Revealed Comparative Advantage using the quantity of exports and their earnings during 2011-12 to 2021-22. The silk products exported were natural silk yarns, fabrics, made-ups, readymade garments, silk carpets and silk waste. Among the exports, silk fabrics and made-ups including ready-made garments constitute highest (80.79 %) value followed by silk waste (11.18 %). The overall export value of silk and silk goods have recorded a significant negative growth of -4.69 per cent. During 2021, China has a major share of the global trade with 44.23 per cent followed by Vietnam (27.45 %). USA was one of the most stable markets among the major importers of Indian silk and silk goods as reflected by the higher probability of retention at 75.16 per cent. The Revealed Comparative Advantage index of silk waste was highest during 2021 with the value of 14.02. The Revealed Comparative Advantage index of woven fabrics was found to be decreasing over the period of time and in the year 2022, it was 2.50 whereas silk yarn, silk waste and yarn spun from silk waste showed increasing trend. Strategic planning of exports of silk goods to selective markets based on comparative advantage and product diversification could be the way ahead to mark India's role in world exports. [ABSTRACT FROM AUTHOR]

MSMEs are considered to be the backbone of India's current and future economic progress. These institutions are geared to support and encourage the development of new-generation entrepreneurs in India who have the potential to create global competitive businesses. However, achieving the right resource balance is critical for these firms. As a result, a set of 14 relevant factors from the resource-based view (RBV) model were discovered and ranked using modified total interpretive structural modeling in order to reflect their impact on MSMEs' export performance. Together with the MICMAC methodology, this method establishes a hierarchical relationship between the factors. Our findings, which back up earlier studies, confirm the impact of these 14 essential components on RBV modeling adoption on MSMEs' export success. The components covered in the analysis have emerged as linkage elements, establishing a strong basis for MSMEs to internationalize competitively and become resilient in their approach by developing a deep strategic connection among themselves. Strategic direction, upper echelon orientation, financial capacity, and the external environment all have a significant impact on MSMEs' export performance. Finally, the implications for research and practise are examined in order to assist decision-makers in developing a long-term competitive edge for Indian firms. [ABSTRACT FROM AUTHOR]

There have been trade interactions between Africa and some Asian countries, specifically India, a South–South trade relation, which are accompanied with outcomes that are based on output, macroeconomic stability and compliant with the agreements reached at different points in time. This study investigates the effects of Africa’s trade agreements with India on Africa’s exports. The findings suggest that there are potentials for Africa’s exports in India. The trade agreements in Africa−India trade relations were marginally trade-enhancing, while Indian high tariffs did not debar Africa’s exports access. However, the non-tariff barriers were more pronounced than the tariff barriers. [ABSTRACT FROM AUTHOR]

This paper analyzes the fiscal implications of special economic zones (SEZs) on the government exchequer. The analysis is based on aggregating data collected from seven conventional SEZs and taking 1990-1991 to 2007-2008 as the reference period. The exercise reveals that the government has spent huge sums of money to play the role of a trade facilitator and has, in the process, lost considerable revenue as a fiscal manager. This, in turn, has affected both revenue and capital expenditure of the government's budget. Given the magnitude of these costs, one cannot but raise questions about the actual contributions of these enclaves to the national fiscal health and the feasibility of relentlessly adopting measures that seeks to promote these zones across the nation. [ABSTRACT FROM AUTHOR]

Empirical evidence on the effectiveness of recent India's Special Economic Zone (SEZ) policy over Export Processing Zone structure is analysed in this article by aggregating data of seven conventional SEZs from 1986–1987 to 2007–2008. The study reveals that introduction of SEZs in place of its predecessor, the Export Processing Zone, is having a significant and positive impact on its trade performance at the aggregate level. However, in terms of contribution to national trade, the Indian SEZs are lagging way behind the expectations of policymakers. Furthermore, the SEZ policy does not seem to be successful in diversifying the exports basket, which in turn has affected the direction of exports by the SEZs. Moreover, these zones were found to be highly susceptible to external shocks. Thus, we strongly argue in favour of a care in deciding the sectoral choice of SEZs and careful scrutiny of its approval across major Indian states. [ABSTRACT FROM PUBLISHER]