Global Economic Crisis: Impact and Restructuring of the Services Sector in India

Abhijit Das, Rashmi Banga () and Dinesh Kumar
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Abhijit Das: Asian Development Bank Institute
Dinesh Kumar: Asian Development Bank Institute

No 311, ADBI Working Papers from Asian Development Bank Institute

Abstract: The Indian economy has shown considerable resilience to the global economic crisis by maintaining one of the highest growth rates in the world. The services sector accounted for around 88% of the growth rate in real gross domestic product in 2008–09. To demystify the relatively resilient growth of the services sector in India, this study examines both the demand-side and the supply-side factors that have contributed to its growth. To assess the role of external demand, income elasticity of export demand for the aggregated services and some of the disaggregated services of India were estimated.

Keywords: indian services sector; indian economy; global economic crisis (search for similar items in EconPapers)
JEL-codes: F14 L86 O47 (search for similar items in EconPapers)
Pages: 37 pages
Date: 2011-10-04
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Citations: View citations in EconPapers (16)

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Related works:
Working Paper: Global Economic Crisis: Impact and Restructuring of the Services Sector in India (2011)
Working Paper: Global Economic Crisis: Impact and Restructuring of the Services Sector in India (2011)
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