India’s Incipient Comparative Advantage and Trade Specialization in Pharmaceutical Sector in Comparison to ASEAN

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.

KEYWORDS

• Pharmaceutical Sector
• India
• ASEAN
• Trade Specialization
• Comparative
• Advantage

Showing references and in-text citations exactly as published.

• DOI10.5530/ijper.56.3.143Copy

RELATED ARTICLES

Matched on section and article type within this issue of IJPER.

• Article · VOLUME 56, ISSUE 3Community Service and its Learning Values: Perceptions of Undergraduate Pharmacy StudentsAndrea Xin Wei Yap, Hui Meng Er, Sook Han Ng, Vishna Devi Nadarajah · pp. 673–680Original ArticleSame type: Article
• Article · VOLUME 56, ISSUE 3Floating Microspheres of Lafutidine: Formulation, Optimization, Characterization, in-vitro and in-vivo Floatability Studies Using Eudragit GradesSunil Kumar, Abhishek Tiwari, Naveen Goyal · pp. 681–688Original ArticleSame type: Article
• Article · VOLUME 56, ISSUE 3Utility of Different Lipids and Effect of Soya Lecithin on Sustained Delivery of Zidovudine via Biodegradable Solid Lipid Microparticles: Formulation and in-vitro CharacterizationNandhakumar Sathyamoorthy, Vankayala Devendiran Sundar, Vijayalakshmi Rajendran, Navyashri Sirikonda, Harikrishnan Narayanaswamy · pp. 689–696Original ArticleSame type: Article
• Article · VOLUME 56, ISSUE 3Novel Glibenclamide–Phospholipid Complex for Diabetic Treatment: Formulation, Physicochemical Characterization, and in-vivo EvaluationSandeep Rathor, DC Bhatt · pp. 697–704Original ArticleSame type: Article