Understanding India's Services Revolution
By Poonam Gupta, James P. F. Gordon. Social Science Research Network, 2004
211 citations recorded by the source corpus.
This paper analyzes the factors behind the recent growth of India's services sector. The high growth of services output in the 1990s was mostly due to the rapid expansion of communication, banking, business services (including the IT sector) and community services. While factors such as a high income elasticity of demand for services, increasing input usage of services by other sectors, and rising exports, were important in boosting services growth in the 1990s, supply side factors including reforms and technological advances also played significant roles. Going forward, the growth potential of Indian services exports is well known, but the paper also finds considerable scope for growth in the Indian service economy provided that deregulation continues. In addition, the paper shows that employment growth in the Indian services sector has been quite modest, thus underscoring the need for industry and agriculture to also grow rapidly.
Subfields: Economics and Econometrics
View Paper: https://www.semanticscholar.org/paper/ca227d8ec7be64a02a864bf81ba607b47e89d22d
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In Economics and Econometrics
- Barry Eichengreen
- Poonam Gupta
- P. Agénor
- Jeffrey A. Frankel
- Geert Bekaert
- Campbell R. Harvey
- Dennis P. Quinn
- M. Chinn
Citations in the corpus
- Services Reform and Manufacturing Performance: Evidence from India (2012, unknown): “In order to make the detailed information on services sector reforms in India, which was gathered for this study, amenable to quantitative analysis, we condense the information into a composite policy index for each sector.”
- The Service Sector as India&Apos;S Road to Economic Growth (2010, background): “But productivity increases have also been surprisingly rapid in Group I, some of whose components, 8 Gordon and Gupta (2004) working on similar Indian data divided the services sector into two groups, the trend growers and the fast growers.”