Competitiveness of India's Manufactured Exports: A Constant Market Share Analysis (Report‪)‬

Abstract In this study, an attempt has been made to examine the international competitiveness of India's manufactured exports. The paper analyses India's export competitiveness by Constant Market Share (CMS) model attributable to commodity composition effect, market distribution effect, world trade effect and competitiveness effect. The paper found that manufactured sector of India remained competitive and non-manufactured exports might have been uncompetitive, rendering the competitiveness effect to the unfavorable during the period 1990-2000 and during 1990-2005 for total exports. The competitiveness effect was found to be unfavorable for chemical during the second and third sub-period and for machinery & transport equipment during the first and second sub-period.