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Direction of trade and the structural stability of Indian shrimp exports: Markov chain analysis

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In India shrimp is the one of the major item in seafood exports. It accounts for nearly 41% of total aqua exports. To study the direction of trade and the structural stability markov chain analysis was employed. The results showed that the growth performance was high for other pooled countries (OPC) i.e.16.6 % for quantity and 21% for value followed by South East Asia and 12.5 % for quantity and 17 % for value. Japan found to exhibit negative growth exports for shrimps. The results of direction of trade indicated that European Union and Other Pooled countries found to be highly loyal and stable markets for Indian frozen shrimps. However the ME and China found to be unstable importing countries for frozen shrimp exports from India. |

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