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

What are the important aspects in tracking the macro-economy, What are the ...

What are the important aspects in tracking the macro-economy? Important aspects in tracking the macro-economy: a. How economists utilizes aggregate measures to track the pre

International trade, what are the limits of the trade between franci and ga...

what are the limits of the trade between franci and galacia

Pr0ject 2, how long will be the solution

how long will be the solution

Investments, what are the objectives of the determinants of investments

what are the objectives of the determinants of investments

Compute the equilibrium level as-ad model, 1 . Use the AS/AD model to a...

1 . Use the AS/AD model to a . Demonstrate graphically and explain verbally the situation the US economy is currently in. b. In the diagram you drew for part (a) above, sh

Market demand curve, The entire market is capture by a single firm which ca...

The entire market is capture by a single firm which can produce at a constant average and marginal cost of AC = MC = 10. The firm faces a market demand curve given by Q = 60 ? P.

Servicing the maximum number of patients, A clinic uses doctors and nurses ...

A clinic uses doctors and nurses optimally and is servicing the maximum number of patients given a limited annual payroll. The last doctor hired treated 1,600 extra patients in a y

What is modifications to a polymer, What are three modifications to a polym...

What are three modifications to a polymer that can make it transparent? How will these modifications affect the mechanical properties of the polymer?

The circular flow of income in a closed economy, The circular flow of incom...

The circular flow of income in a closed economy   A closed economy exists when there is no international trade. We shall also assume that in this particular closed economy there

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