Global Economic Crisis: Impact and Restructuring of the Services Sector in India
AbstractThe Indian economy has shown considerable resilience to the global economic crisis by maintaining one of the highest growth rates in the world. The services sector accounted for around 88% of the growth rate in real gross domestic product in 2008–09. To demystify the relatively resilient growth of the services sector in India, this study examines both the demand-side and the supply-side factors that have contributed to its growth. To assess the role of external demand, income elasticity of export demand for the aggregated services and some of the disaggregated services of India were estimated.
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Bibliographic InfoPaper provided by Asian Development Bank Institute in its series ADBI Working Papers with number 311.
Length: 37 pages
Date of creation: 04 Oct 2011
Date of revision:
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indian services sector; indian economy; global economic crisis;
Find related papers by JEL classification:
- F14 - International Economics - - Trade - - - Empirical Studies of Trade
- L86 - Industrial Organization - - Industry Studies: Services - - - Information and Internet Services; Computer Software
- O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-10-15 (All new papers)
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