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International Trade in Services in India: Implications for Growth and Inequality in a Globalizing World

Author

Listed:
  • Raychaudhuri, Ajitava

    (Professor, Department of Economics, Jadavpur University, Kolkata)

  • De, Prabir

    (Fellow, Research and Information System for Developing Countries (RIS), New Delhi)

Abstract

India's services trade has grown at a very fast pace and now contributes more than one-third of the export revenue. India has also succeeded in raising its penetration in global markets more rapidly for services than for goods. Discussing the theoretical and empirical basis of the flourishing world trade in services, this book analyses the factors responsible for the rapid rise in services trade in India, its composition, and sectoral strengths and weaknesses. Being invisible, services trade faces many complicated barriers and challenges. Highlighting the implications of rising services trade for pro-poor growth, this book delineates why removal of barriers to trade in services may be welfare enhancing in terms of its efficiency in reducing poverty as well as inequality. Taking the case of higher education, heath, and transportation services, it identifies the existing barriers and suggests selective liberalization.

Suggested Citation

  • Raychaudhuri, Ajitava & De, Prabir, 2012. "International Trade in Services in India: Implications for Growth and Inequality in a Globalizing World," OUP Catalogue, Oxford University Press, number 9780198079378.
    • Handle: RePEc:oxp:obooks:9780198079378
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    Cited by:

    1. Richa Khurana & D. K. Nauriyal, 2017. "Dynamics of Services Exports in India," Millennial Asia, , vol. 8(2), pages 178-193, October.
    2. Mini P. Thomas, 2016. "Estimation of Income and Price Elasticities of India’s Trade in Services," South Asia Economic Journal, Institute of Policy Studies of Sri Lanka, vol. 17(1), pages 27-45, March.
    3. De, Prabir & Raihan, Selim & Kathuria, Sanjay, 2012. "Unlocking Bangladesh-India trade : emerging potential and the way forward," Policy Research Working Paper Series 6155, The World Bank.
    4. Sajitha Beevi Karayil, 2021. "Movement of natural persons and the sieve of immigration policy: Evidence from United States," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 157(4), pages 853-879, November.

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