Open access · Peer reviewed · No APCs
Original ArticleIndian Journal of Pharmaceutical Education and ResearchVol. 56 | Issue 3 | 2022 | pp. 899–906Open access
India’s Incipient Comparative Advantage and Trade Specialization in Pharmaceutical Sector in Comparison to ASEAN
- 1*,
- 2
- 1 Symbiosis School of Economics, Symbiosis International University, Pune, INDIA.
- 2 Mittal School of Business, Lovely Professional University, Jalandhar, Punjab, INDIA.
Published in Indian Journal of Pharmaceutical Education and Research
Correspondence: Sumit Oberoi
Symbiosis School of Economics, Symbiosis International University, Pune, INDIA.
Email: profsumitoberoi@gmail.com
Copyright: © 2022 Manuscript Technomedia. This is an open access article.
- Published:
- Jun 7, 2022
- Received:
- Jun 12, 2021
- Accepted:
- Apr 2, 2022
How to cite
Oberoi, S., & Kansra, P. (2022). India’s Incipient Comparative Advantage and Trade Specialization in Pharmaceutical Sector in Comparison to ASEAN. Indian Journal of Pharmaceutical Education and Research, 56(3), 899–906. https://doi.org/10.5530/ijper.56.3.143
Abstract
Introduction: Today the whole world is looking towards the rising role of Asian nations in the world trade. Amid 48 Asian nations, India’s pharmaceutical segment observed a crucial restructuring in mounting income and occupational opportunities. Aim/ Objectives: Therefore, the present study aims at measuring comparative advantage and trade specialization between India and selected ASEAN economies at harmonized standard 4-digit level of product categorization. Materials and Methods: Statistical indexes meticulously assess the secondary data by performing revealed comparative advantage (RCA) index and Lafay index. Results: Outcomes lucidly elucidate that India embraces comparative advantage and trade-specialization for pharmaceutical sectors viz. ‘Bulk Medicines’, ‘Inputs Specific to Pharmaceutical Industry’ and ‘Medical technology equipment”. Conclusion: Thus, the results advocates that industrial progressions, technical innovation, product sophistication and commodity diversification in pharmaceutical sector is a pre-requisite for India to clinch trade superiority.
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Article metadata
| Title | India’s Incipient Comparative Advantage and Trade Specialization in Pharmaceutical Sector in Comparison to ASEAN |
|---|---|
| Authors | Sumit Oberoi; Pooja Kansra |
| Affiliations | Symbiosis School of Economics, Symbiosis International University, Pune, INDIA.; Mittal School of Business, Lovely Professional University, Jalandhar, Punjab, INDIA. |
| Corresponding author | profsumitoberoi@gmail.com |
| Journal | Indian Journal of Pharmaceutical Education and Research |
| Volume / Issue | Vol. 56, Issue 3 (2022) |
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