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

Illustrate the about term the open economy in short, Illustrate the about t...

Illustrate the about term the open economy in short. The Open Economy: a. A closed economy is an economy which does not trade goods-services as well as assets. b. The Uni

Tuckman group stage process schema, Consider the Tuckman group stage proces...

Consider the Tuckman group stage process schema. Identify specific actions a manager can take at each stage of the process to best help a group reach the performing stage. Respond

Agency decides to hire operators, An agency is having problems with persona...

An agency is having problems with personal phone calls made during working hours. Each minute of a personal call costs the agency $0.50 in wasted wages. The agency decides to hire

Clasical model., if we impose any rule and regulation on clasical model lik...

if we impose any rule and regulation on clasical model like not expoit polutionso what is effect on factor of clasical model

Theory of aggregate demand, unplandned change in inventory are coutned as i...

unplandned change in inventory are coutned as investment spending by firms

Joke among economists, There is a joke among economists that children are a...

There is a joke among economists that children are an "inferior good." In many countries there appears to be a negative relationship between income and the number children in a hou

Monetization of public debt, What are the pros and cons of monetization of ...

What are the pros and cons of monetization of public debt

Firm wants to sell goods, If a firm wants to sell goods more often, would t...

If a firm wants to sell goods more often, would they prefer to produce a high quality good that will not wear out or one that will wear out faster. For example, what is the 'life e

How commercial banks create money, Q. How commercial banks create money? ...

Q. How commercial banks create money? Commercial banks clearly can't influence the amount of currency in economy or monetary base because they aren't allowed to print money. Th

Macro, Over long spans of time, macroeconomies typically grow, but over sho...

Over long spans of time, macroeconomies typically grow, but over short spans there are fluctuations in output and prices known as ____ ?

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