Trade in services - strategic considerations, Macroeconomics

Assignment Help:

Trade in Services - strategic considerations:

India has emerged as a major exporter of services, bringing about a change in our negotiating position at the WTO. India's trade in services, especially software exports have made a real dent in the world market.  It ranked 18" largest services exporter with a share of 1.4 percent in global exports in 2003. An upward shift in  trend growth of services exports from an average annual of 7.9 percent in  the first half of 1990s to 15.3 percent  in 2000-0112003-04  reflect  the growing volume of these exports in India's total exports. Traditionally while services receipts have been mainly from  travel,  transportation  and  insurance  sub-sectors, more  recently  the buoyant growth of professional, technical and business services has provided a cushion against the slowdown in the former categories. These new economy services witnessed an average annual growth of about 37 percent during 1995-961 2003-04, contributing over 70 percent of total services exports in 2003-04. Software services export share alone rose from 10.2 percent in 1995-96 to 48.9 percent in 2003-04. Exports of  software and IT-enabled services  rose  by about 28 percent  in 2003-04  and  further 34.4  percent  to  reach mce_markernbsp; 17.2 billion  in 2004-05. The global market for software and services is projected to grow by 8.6 percent per mum during 2004-08. India remains an attractive source of software exports because of low cost of operations and availability of high quality and skilled manpower resources. Another factor is that the structure of software services exports shows that financial services including banks, insurance companies and securities firms account for the largest share of Indian software services followed by manufacturing and telecom sectors.

 

 


Related Discussions:- Trade in services - strategic considerations

Null and alternative hypothesis, To determine whether high blood pressure a...

To determine whether high blood pressure affected whether a person had a stroke, a sample of 300 people who had had strokes are examined. In the sample, 37% had high blood pressure

MPC, A change in government purchases of goods and services results in a ch...

A change in government purchases of goods and services results in a change in real GDP equal to $200 million. Assume the absence of taxes, international trade, and changes in the a

Checkijaskfd, kajfasklfasklfj laksflaskfads

kajfasklfasklfj laksflaskfads

AD, in the keynesian cross assume that the consumption function is given by...

in the keynesian cross assume that the consumption function is given by c=200+0.75(y-t). given planned investment is 100, government purchases and taxes are both 100. then what i

What do you mean by patulin, Q. What do you mean by Patulin? It is a to...

Q. What do you mean by Patulin? It is a toxic and antibiotic metabolite produced by several species of Penicillin, Aspergillus and Paeciliomyces but the most important in the c

What do you mean by wage inflation, Q. What do you mean by Wage inflation? ...

Q. What do you mean by Wage inflation? We will develop the Keynesian model removing the assumption of fixed nominal wages. We state wage inflation p w as the percentage averag

Money multiplier, what is money multiplier? what is role , importance, adva...

what is money multiplier? what is role , importance, advantages , disadvantages , limitations and examples of money multiplier?

Calculate the nominal gdp, Answer the following questions for a hypothetica...

Answer the following questions for a hypothetical economy whose situation in year 1 was as follows: M = $800 billion; long-term annual growth of real GDP = 3%; V = 4. The bankin

Limitations of rational expectations school, Limitations of the theory of r...

Limitations of the theory of rational expectations: Critics of this theory note that if policy makers have more information about the economy or their own actions than d

How do countries grow economic growth, How do countries grow Economic growt...

How do countries grow Economic growth? Economic growth is attaining by increasing: • Quantity of resources by investment • Quality of resources by training as well as R

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd