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

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Relation http://eprints.cmfri.org.in/13686/
https://tind-customer-agecon.s3.amazonaws.com/e3ae2ed6-0cdd-4f2d-b018-fd4a7d440b5f?response-content-disposition=inline%3B%20filename%2A%3DUTF-8%27%2712-A-Suresh.pdf&response-content-type=application%2Fpdf&AWSAccessKeyId=AKIAXL7W7Q3XHXDVDQYS&Expires=1561371838&Signature=GIQcKTxw%2FgUHGd5Gz05G3KLkdGI%3D
DOI: 10.5958/0974-0279.2018.00027.7
 
Title Capital formation in fisheries sector in India: trends,
compositional changes and potential implications
for sustainable development
 
Creator Suresh, A
Shinoj, P
 
Subject Socio Economics and Extension
Fisheries Economics
 
Description 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.
 
Date 2018
 
Type Article
PeerReviewed
 
Format text
 
Language en
 
Identifier http://eprints.cmfri.org.in/13686/1/Agricultural%20Economics%20Research%20Review_2018_Shinoj%20P_Capital%20formation%20in%20Marine%20Fishery.pdf
Suresh, A and Shinoj, P (2018) Capital formation in fisheries sector in India: trends, compositional changes and potential implications for sustainable development. Agricultural Economics Research Review, 31. pp. 111-122.