Opportunities for India to Expand Trade in World Market: Empirical Evidence from Revealed Comparative Advantage.

The present study attempts to examine the comparative advantage of India in various product groups from 2001- at HS 2digit classification to highlight product groups in which the country enjoys a comparative advantage in the world market. In addition, those product groups in which the country has gained or lost comparative advantage in the world market in recent years are measured so that appropriate trade policy can be formulated. Besides, the study examines determinants of export competitiveness of product groups in which India enjoys a comparative advantage with respect to the world. The results indicate that though the country lost comparative advantage in 10 sectors during the analysis period, at the same time, gained an advantage in 11 sectors which is a healthy sign for the economic development of the country. [ABSTRACT FROM AUTHOR]