An Analysis of the Competitiveness of Indian Products in Brazil

It was forecast at the very beginning of new decade that there are ample opportunities available to the investors of the world in general, and India in particular, outside the western world. It was also argued that Brazil, being the major component of BRICS, may be a focal area. It is of great significance that coordination has been tried to develop between nations in point to strengthen and boost up the trade and economic relations between these countries. So, the emergence of opportunities from trade between both nations is an important and ongoing area of research. Being most fastest growing major economies in the world, growth of relations between the duos is also a matter of significance in the sense to get befitted from the rich bilateral relationship in the form of comparative advantage from export and import following the international pattern in exchange of goods. The present paper tries to identify the sectors in which the two economies have comparative advantages for the continuation of international trade. Thus the aim of the paper is to identify product groups that are of great significance to develop and enrich India-Brazil trade relations. The study focuses on India's trade in goods and examines its relative competitiveness vis-à-vis Brazil in terms of Revealed Comparative Advantage (RCA). The study is entirely based on the secondary data which have been collected from UNCOMTRADE and the study period is ranging from 2007 to 2016.