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Capital formation in fisheries sector in India: trends, compositional changes and potential implications for sustainable development

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Title Capital formation in fisheries sector in India: trends,
compositional changes and potential implications
for sustainable development
Not Available
 
Creator Suresh,A
Shinoj,P
 
Subject Capital formation, Investment, Fisheries, Efficiency, Sustainability
 
Description Not Available
This paper analyses the trends in capital formation in fisheries sub-sector and the responsiveness
of fisheries sector to capital formation during the period of 1990-91 to 2014-15. We find structural breaks
in capital formation, coinciding with policy changes. There has been a deceleration in capital formation
immediate post-liberalisation. The share of fisheries sub-sector in agricultural gross domestic product
(GDP) has gradually increased, from 4.3 % in 1994-95 to 5.4% in 2014-15. Correspondingly, the share of
fisheries sub-sector in gross fixed capital formation (GFCF) in agricultural sector has increased from
3.4% to 9.7%. However, the efficiency of investment in the fisheries sub-sector has declined; the
incremental capital output ratio (ICOR) has increased from 3.2 to 8.3 during this period. The fast decline
of the efficiency of capital can be attributed to over-capitalisation of some segments of this sub-sector,
particularly marine fisheries characterised by a large number of mechanised fishing vessels. The public
capital formation in fisheries as a share of the total pubic capital formation is very low. Inland fisheries
also face sustainability issues in terms of environmental degradation. Improving the capital productivity
warrants implementation of norms of sustainable fisheries. This requires prioritization of segments for
capital infusion and prioritization of geographical locations.
Not Available
 
Date 2021-09-17T09:00:31Z
2021-09-17T09:00:31Z
2018
 
Type Article
 
Identifier Not Available
Not Available
http://krishi.icar.gov.in/jspui/handle/123456789/64022
 
Language English
 
Relation Not Available
 
Publisher Not Available