1PhD Research Scholar, Department of Economics, Islamic University of Science and Technology, J&K, Email: saiedhusyn17@gmail.com/sayed.gulzar@islamicuniversity.edu.in
2Assistant Professor, Department of Economics, Islamic University of Science and Technology, J&K, Email: hamidmir047@gmail.com
Online Published on 20 December, 2021.
This study is an attempt to measure the international specialisation of high-tech products at HS 6-digit level for India and China and also to check the structural stability of India and China in those product lines during 2010–18. Lafay index of trade specialisation measured the specialisation pattern of high-tech products of India and China in the world market. Besides this, the regression and variance analysis were done to check the structural stability of India and China. The study revealed that India enjoyed specialisation in 109 products against 200 products of China in 2010. In 2018, comparatively India had 133 specialised high-tech products against China's 247. India enjoyed top advantage in product lines like ‘parts of aeroplanes, helicopters, parts of spacecrafts and antibiotics. While China mainly has advantage in electronic and allied devices like ‘mobile cellular phones, data processing machines. However, India's specialisation has not increased to an extreme level as the Lafay index never crossed 1. The study also concluded that both India and China share a significant structural stability in the world market.
International specialisation, Lafay index, High-tech products, India, China, Structural stability
