Abstract
This chapter shows the trends of CFGT export and import during 2003–2017. India’s CFGT export to South Asia grows rapidly around at 3.5% growth rate in postcrisis period (2010–2017) compared to 2.1% in precrisis period (2003–2007). Using gravity model, this study quantifies trade opportunities of CFGT in India in the precrisis and during global crisis periods. Potential trade gap in CFGT trade in India was around $6 billion USD in 2008. With these it also identifies constraints and helps to expand capacity and/or strengthen its capability in the advancement of capturing new opportunities in production and trade in CFGT.
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Notes
- 1.
True gravity model is not suitable and applicable for single economy. Part of the gravity equation is estimated after dropping reporter country’s GDP and its income per capita, which are common for all bilateral trading partners.
- 2.
Out of it, intraregional and interregional trades were 61.19 and 58.55 billion USD, respectively. Intraregional demand was nearly 51% and only 49% for interregional demand of CFGT. It is true that internal demand within Asia is very high for the climate friendly goods, and over time it will increase with economic development
References
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Dinda, S. (2019). Climate Change and CFGT Trade in India: A Case Study. In: Climate Friendly Goods and Technologies in Asia. SpringerBriefs in Environmental Science. Springer, Cham. https://doi.org/10.1007/978-3-030-02475-8_10
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DOI: https://doi.org/10.1007/978-3-030-02475-8_10
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