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A study of Economic complexity of Indian Exports Vis-à-vis China: A Review Paper based on Atlas of Economic Complexity theory

Author

Listed:
  • Purvi Pujari

    (Bharati Vidyapeeth's Institute of Management Studies and Research, Navi Mumbai (Mumbai University))

  • Anuj Kumar

    (Apeejay School of Management, New Delhi)

  • Srilalitha Sagi

    (Head of the department (International Business), GITAM Institute of Management, GITAM University, Visakhapatnam, Andhra Pradesh, India)

  • Sachin Napate

    (Patil B-School, Pune, India)

Abstract

As the world tries to grapple with the aftermath of the COVID-19 pandemic, there are concerns about the revivals of economies across the globe. The world is also trying to make sense of global restructuring trade, which is expected in the post-COVID-19 world. This paper attempts to analyze the emerging trade scenario between India and China. Atlas of Economic Complexity theory (ACE) by Ricardo Hausmann, Cesar A. Hidalgo has been taken as a base for this research. This study propagates that the countries with products that require more know-how have more potential to grow. Taking the Atlas map giving details of Indian exports as a base, the researchers have compared the data from the last two years. The purpose is to identify whether the complexity of Indian exports is increasing or not. A particular case study has been done on Indian exports to China. There has been little progress in this field as India is exporting more complex products slightly to China. There is an urgent need to formulate a strategy to enhance the complexity of Indian exports. The policymakers need to give impetus to the industries which have a cross-cultural demand in China and leverage this opportunity. This will open the path for consolidating India's position in the global trade as well as improving its strategic position vis-a-vis China.

Suggested Citation

  • Purvi Pujari & Anuj Kumar & Srilalitha Sagi & Sachin Napate, 2021. "A study of Economic complexity of Indian Exports Vis-à-vis China: A Review Paper based on Atlas of Economic Complexity theory," Acta Universitatis Bohemiae Meridionalis, University of South Bohemia in Ceske Budejovice, Faculty of Economics, vol. 24(3), pages 39-56.
    • Handle: RePEc:boh:actaub:v:24:y:2021:i:3:p:39-56
    DOI: 10.32725/acta.2021.011
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    References listed on IDEAS

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    JEL classification:

    • F1 - International Economics - - Trade
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade

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