IDEAS home Printed from https://ideas.repec.org/a/sae/fbbsrw/v10y2021i4p315-326.html

COVID-19 Impact on Exports of Services: Opportunities, Challenges and Suggestions for India

Author

Listed:
  • Sivalingam Veeramani
  • Anam

Abstract

The COVID-19 outbreak has put the global economic scenario out of order. The mechanism of lockdown and social distancing has paved a grave situation for global trade in general and services in particular as they are inseparable and requires proximity between the supplier and the consumer. In view of the outstanding contribution of services in India’s foreign trade, this study examines the impact of the pandemic on aggregate, sectoral and mode-wise services exports from India. It ultimately seeks to highlight key opportunities, challenges and suggestions to protect and promote India’s services interest amid this global disruption. We review the quarterly and monthly services exports patterns from January to July 2020 based on the data obtained from the World Trade Organization and the Reserve Bank of India. The perspective on mode-wise services exports is derived from the Trade-in Services by Modes of Supply (TISMOS) data set of the WTO for 2017. The analysis highlights a severe drop in overall services exports, by over 10% during the second quarter of 2020. Travel, transport and financial services have been hit hardest. However, the decline in India’s services exports found as relatively much lower in comparison to other major services exporting economies. The comparative edge in digital or Mode 1 services offers greater opportunities for the country in the longer period if urgent policy initiatives and support are extended to potential online services sectors.

Suggested Citation

  • Sivalingam Veeramani & Anam, 2021. "COVID-19 Impact on Exports of Services: Opportunities, Challenges and Suggestions for India," FIIB Business Review, , vol. 10(4), pages 315-326, December.
    • Handle: RePEc:sae:fbbsrw:v:10:y:2021:i:4:p:315-326
    DOI: 10.1177/2319714520984676
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/2319714520984676
    Download Restriction: no
    File URL: https://libkey.io/10.1177/2319714520984676?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Dingel, Jonathan I. & Neiman, Brent, 2020. "How many jobs can be done at home?," Journal of Public Economics, Elsevier, vol. 189(C).
    2. Fukunari Kimura & Shandre Mugan Thangavelu & Dionisius Narjoko & Christopher Findlay, 2020. "Pandemic (COVID‐19) Policy, Regional Cooperation and the Emerging Global Production Network†," Asian Economic Journal, East Asian Economic Association, vol. 34(1), pages 3-27, March.
    3. Sudhir Rana & Partha P. Saikia & Munim K. Barai, 2018. "Globalization and Indian Manufacturing Enterprises," FIIB Business Review, , vol. 7(3), pages 167-175, September.
    4. Barua, Suborna, 2020. "Understanding Coronanomics: The economic implications of the coronavirus (COVID-19) pandemic," MPRA Paper 99693, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Amit Banerji & Anand Gaurav Chandravanshi, 2022. "Factors Effecting Private Consumption in India: An ARDL Approach," Jindal Journal of Business Research, , vol. 11(2), pages 107-122, December.
    2. Vishal Kumar Singh & Amit Gautam, 2026. "Investigating the Relationship Between Export Antecedents and Export Performance of Handloom Industry," FIIB Business Review, , vol. 15(2), pages 290-304, March.
    3. Jabir Ali & Fariya Akbar Ansari, 2025. "Understanding Firm’s Decision towards Workforce Layoffs during COVID-19 Outbreak in India," The Indian Journal of Labour Economics, Springer;The Indian Society of Labour Economics (ISLE), vol. 68(4), pages 1259-1278, December.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Magdalena Olczyk & Marta Ewa Kuc-Czarnecka, 2021. "Determinants of COVID-19 Impact on the Private Sector: A Multi-Country Analysis Based on Survey Data," Energies, MDPI, vol. 14(14), pages 1-17, July.
    2. Couch, Kenneth A. & Fairlie, Robert W. & Xu, Huanan, 2020. "Early evidence of the impacts of COVID-19 on minority unemployment," Journal of Public Economics, Elsevier, vol. 192(C).
    3. Jacek Rothert, 2020. "Optimal federal redistribution during the uncoordinated response to a pandemic," Departmental Working Papers 64, United States Naval Academy Department of Economics.
    4. Piotr Lewandowski & Katarzyna Lipowska & Mateusz Smoter, 2022. "Working from home during a pandemic – a discrete choice experiment in Poland," IBS Working Papers 03/2022, Instytut Badan Strukturalnych.
    5. George, Ammu & Li, Changtai & Lim, Jing Zhi & Xie, Taojun, 2021. "From SARS to COVID-19: The evolving role of China-ASEAN production network," Economic Modelling, Elsevier, vol. 101(C).
    6. Lee, Munseob & Finerman, Rachel, 2021. "COVID-19, commuting flows, and air quality," Journal of Asian Economics, Elsevier, vol. 77(C).
    7. Bart Roelofs & Dimitris Ballas & Hinke Haisma & Arjen Edzes, 2022. "Spatial mobility patterns and COVID‐19 incidence: A regional analysis of the second wave in the Netherlands," Regional Science Policy & Practice, Wiley Blackwell, vol. 14(S1), pages 21-40, November.
    8. Piotr Lewandowski & Katarzyna Lipowska & Mateusz Smoter, 2026. "Mismatch in Preferences for Working from Home: Evidence from Discrete Choice Experiments with Workers and Employers," ILR Review, Cornell University, ILR School, vol. 79(1), pages 142-172, January.
    9. Jinwon Kim & Jucheol Moon & Dongyun Yang, 2024. "Pigouvian Congestion Tolls and the Welfare Gain: Estimates for California Freeways," Working Papers 2402, Nam Duck-Woo Economic Research Institute, Sogang University (Former Research Institute for Market Economy).
    10. David Baqaee & Emmanuel Farhi, 2020. "Nonlinear Production Networks with an Application to the Covid-19 Crisis," NBER Working Papers 27281, National Bureau of Economic Research, Inc.
    11. de la Vega, Pablo & Porto, Natalia & Cerimelo, Manuela, 2024. "Going green: estimating the potential of green jobs in Argentina," Journal for Labour Market Research, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany], vol. 58, pages 1-001.
    12. Graham, James & Ozbilgin, Murat, 2021. "Age, industry, and unemployment risk during a pandemic lockdown," Journal of Economic Dynamics and Control, Elsevier, vol. 133(C).
    13. Buhmann, Mara & Pohlan, Laura & Roth, Duncan H.W., 2024. "Economic Shocks and Worker Careers: Has the COVID-19 Pandemic Affected Transitions Out of Unemployment?," IZA Discussion Papers 17268, IZA Network @ LISER.
    14. Carlos Díaz & Sebastian Fossati & Nicolás Trajtenberg, 2022. "Stay at home if you can: COVID‐19 stay‐at‐home guidelines and local crime," Journal of Empirical Legal Studies, John Wiley & Sons, vol. 19(4), pages 1067-1113, December.
    15. Louis-Philippe Beland & Abel Brodeur & Taylor Wright, 2020. "COVID-19, Stay-at-Home Orders and Employment: Evidence from CPS Data," Carleton Economic Papers 20-04, Carleton University, Department of Economics, revised 19 May 2020.
    16. Amelia M. Biehl & Jill Hayter & Brian Hill, 2024. "Remote work and the effects on secondary childcare," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 71(4), pages 813-830, December.
    17. Fidel Pérez-Sebastián & Rafael Serrano-Quintero, 2024. "The Economic Linkages of Covid-19 Across Sectors and Regions in the UK," UB School of Economics Working Papers 2024/465, University of Barcelona School of Economics.
    18. John McLaren & Su Wang, 2020. "Effects of Reduced Workplace Presence on COVID-19 Deaths: An Instrumental-Variables Approach," NBER Working Papers 28275, National Bureau of Economic Research, Inc.
    19. Rost Vincent & Erdsiek Daniel, 2026. "Gekommen, um zu bleiben: Homeoffice verstetigt sich auf hohem Niveau," Wirtschaftsdienst, Sciendo, vol. 106(3), pages 221-225.
    20. Kouki, Amairisa, 2023. "Beyond the “Comforts” of work from home: Child health and the female wage penalty," European Economic Review, Elsevier, vol. 157(C).

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:fbbsrw:v:10:y:2021:i:4:p:315-326. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.