Exports of Services: Indian Experience in Perspective

Barry Eichengreen and Poonam Gupta

MPRA Paper from University Library of Munich, Germany

Abstract: We survey India’s experience with exporting services. We show that the country’s experience is unique in that modern tradable services are a significantly larger share of GDP than in other countries at comparable levels of economic development. This has not always been the case, however; India’s out-performance is limited to recent years. Policy initiatives, from trade reform to liberalization of domestic industrial and service sectors, were important for jump-starting the process. Panel and country-specific regressions for a cross section of countries point to the importance of a range of additional factors: overall economic development, communications infrastructure, access to foreign technology, and spillovers between the merchandise and service exports. Importantly, however, these factors, jointly or individually, do not wipe out the significance of a dummy variable for India. India, evidently, is a significant outlier as an exporter of services, and even more so as the period proceeds.

Keywords: India; services; growth; services exports (search for similar items in EconPapers)
JEL-codes: F10 (search for similar items in EconPapers)
Date: 2012-03-13
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Citations: View citations in EconPapers (8)

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Related works:
Journal Article: Exports of services: Indian experience in perspective (2013)
Working Paper: Exports of Services: Indian Experience in Perspective (2012)
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