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Global Economic Crisis: Impact and Restructuring of the Services Sector in India

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  • Das, Abhijit

    (Asian Development Bank Institute)

  • Banga, Rashmi

    (Asian Development Bank Institute)

  • Kumar, Dinesh

    (Asian Development Bank Institute)

Abstract

The 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 Info

Paper provided by Asian Development Bank Institute in its series ADBI Working Papers with number 311.

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Length: 37 pages
Date of creation: 04 Oct 2011
Date of revision:
Handle: RePEc:ris:adbiwp:0311

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Keywords: indian services sector; indian economy; global economic crisis;

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  1. Abdelhak S. Senhadji & Claudio E. Montenegro, 1999. "Time Series Analysis of Export Demand Equations: A Cross-Country Analysis," IMF Staff Papers, Palgrave Macmillan, vol. 46(3), pages 2.
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  3. Houthakker, Hendrik S & Magee, Stephen P, 1969. "Income and Price Elasticities in World Trade," The Review of Economics and Statistics, MIT Press, vol. 51(2), pages 111-25, May.
  4. Rebba Vincenzo & Rizzi Dino, 2007. "Measuring Hospital Efficiency through Data Envelopment Analysis when Policy-makers' Preferences Matter. An Application to a Sample of Italian NHS Hospitals," Politica economica, Società editrice il Mulino, issue 3, pages 233-258.
  5. Sufian, Fadzlan & Abdul Majid, Muhamed Zulkhibri, 2007. "Bank Ownership, Characteristics and Performance: A Comparative Analysis of Domestic and Foreign Islamic Banks in Malaysia," MPRA Paper 12131, University Library of Munich, Germany, revised 01 Jun 2007.
  6. Alam, Ila M Semenick, 2001. "A Nonparametric Approach for Assessing Productivity Dynamics of Large U.S. Banks," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 33(1), pages 121-39, February.
  7. Catherine L. Mann, 2004. "The US Current Account, New Economy Services, and Implications for Sustainability," Review of International Economics, Wiley Blackwell, vol. 12(2), pages 262-276, 05.
  8. Alan V. Deardorff & Saul H. Hymans & Robert M Stern & Chong Xiang, 2000. "Forecasting U.S. Trade in Services," Working Papers 467, Research Seminar in International Economics, University of Michigan.
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Cited by:
  1. Rajesh, Raj & Bordoloi, Sanjib, 2012. "Investigating the impact of global financial crisis on indian economy in an aggregate demand framework," MPRA Paper 40416, University Library of Munich, Germany.

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