India’s Trade with Nigeria: A Competitive Analysis through RCA and RSCA Index
Tawheed Nabi1, Tushinder Preet Kaur2
1Revised Manuscript Received on September 15, 2019 Dr.Tawheed Nabi, Mittal School of Business, Lovely Professional University, Phagwara, India.
2Dr. Tushinder Preet Kaur, Mittal School of Business, Lovely Professional University, Phagwara, India.
Manuscript received on 13 August 2019. | Revised Manuscript received on 17 August 2019. | Manuscript published on 30 September 2019. | PP: 6240-6244 | Volume-8 Issue-3 September 2019 | Retrieval Number: C5793098319/2019©BEIESP | DOI: 10.35940/ijrte.C5793.098319
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Abstract: Nigeria attracts the largest trading partnership from India compared to other African countries which India is a leading trade partner. Nigeria having losing its crude oil export destination to the United States, India stood out as the largest destination of Nigerian crude oil. It was estimated that more than 135 corporations are either owned or operated by Indians in Nigeria. The Revealed Comparative Advantage index (RCA) approach has been used to check the competitiveness of India with Nigeria in all commodities and further with Revealed Symmetric Comparative Advantage (RSCA) the competitiveness has been calculated. India is having Comparative Advantage by exporting four commodities viz; Machinery, Pharmaceutical Products (30), Nuclear Reactors, Mechanical Appliances, Boilers; parts thereof (84), Vehicles other than Railway or Tramway Rolling Stock, and parts and accessories thereof (87), articles of Iron or Steel (73), and mainly with Pharmaceutical goods because of the average value of RCA from the period 2000-01 to 2017-18 is 50 and having a higher positive value of RSCA near to 0.9 so the study has analyzed the Bilateral Trade of India and Nigeria, India is having high Comparative advantage over Nigeria in this trade.
Keywords: Trade; RCA; RSCA; Competitiveness; Bilateral Trade.
Scope of the Article: Analysis of Algorithms and Computational Complexity