Export Potential of Climate Smart Goods in India: Evidence from the Poisson Pseudo Maximum Likelihood Estimator

Abstract

This article highlights the per capita GDP of the exporter country and GDP of the importer country as major positive determinants of CSGs exports in India using the gravity model of trade. Besides, it is found that India has export potential in CSGs with Russia, Switzerland, Israel, Egypt, China, Mexico, Pakistan, Thailand, the Philippines, South Korea, France, Japan, Oman, Belgium, and Malaysia. The findings suggest that India can take advantage of climate variability by exporting CSGs to the world which will contribute to its economic growth and strengthen its adaptability potential to deal with the increasingly adverse effects of climate change.

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