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India's Services Sector Growth: The Impact of Services Trade on Non-tradable Services

Author

Listed:
  • Besart Avdiu

    (World Bank)

  • Karan Singh Bagavathinathan

    (University of Göttingen and German Development Institute)

  • Ritam Chaurey

    (Johns Hopkins University)

  • Gaurav Nayyar

    (World Bank)

Abstract

Between 2018–19, the US and China engaged in a trade war that targeted roughly $450 billion in bilateral trade, abruptly changing market conditions for thousands of internationally traded products. Was India able to capitalize in this new global environment by increasing its exports? The short answer is: not really. The trade war did not statistically impact India’s overall exports. So, the prediction that India could benefit from the trade war did not materialize. These results hopefully contribute to ongoing policy discussions for how India can leverage export opportunities in an era of increased trade tensions.

Suggested Citation

  • Besart Avdiu & Karan Singh Bagavathinathan & Ritam Chaurey & Gaurav Nayyar, 2023. "India's Services Sector Growth: The Impact of Services Trade on Non-tradable Services," India Policy Forum, National Council of Applied Economic Research, vol. 19(1), pages 223-258.
    • Handle: RePEc:nca:ncaerj:v:19:y:2023:i:2023-1:p:223-258
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    File URL: https://www.ncaer.org/publication/india-policy-forum-2022
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