Paper Title
FOREIGN TRADE IN SERVICES: A RELATIONAL ANALYSIS BETWEEN INDIA AND THE WORLD IN POST-MILLENIUM PERIOD
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Registration ID: IJNRD_197565
Published ID: IJNRD2305945
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Keywords
Global services trade, India's services sector, Relational analysis, Exports, Imports
Abstract
The business of export-import of services has gained considerable prominence in the global economy, contributing significantly to countries' economic growth and development. India is among a limited group of rising economies that are among the traders of services globally. India's strength in the service industry is gaining prominence throughout the world. Maintaining services exports is crucial for maintaining India's high growth rate as well as for making up for a persistent merchandise trade imbalance and preserving external sector stability. This research paper presents a relational analysis of the world's and India's export and import of services. The study aims to investigate the interconnectedness and patterns of trade in services between India and the rest of the world, providing insights into the dynamics of global services trade and India's role within it. This research paper aims to investigate and compare the growth rates of the world's exports of services and India's exports of services from 2007 to 2022. The study utilizes data from reliable sources and employs statistical analysis to assess the relative performance of these two entities in the global services market. The study utilizes quantitative data obtained from reputable international trade sources to evaluate the growth patterns, identify key contributing factors, and highlight any significant divergences between the global trend and India's performance. It sheds light on India's position as a major player in the sector. The findings of this study provide insights into the dynamics of the services sector in India and its positioning within the global trade landscape. The findings of this study contribute to a deeper understanding of the relational aspects of services trade between India and the world. The outcomes of this study have practical implications for policymakers, businesses, and researchers, providing insights into strategies to foster stronger trade relationships, enhance market access, and promote competitiveness in the services sector. Ultimately, a comprehensive understanding of the relational analysis of India's export and import of services can inform policy decisions and contribute to the sustainable growth of India's services trade in the global economy.
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How To Cite (APA)
Ravi Kumar Tolani & Prof. Bimal Jaiswal (May-2023). FOREIGN TRADE IN SERVICES: A RELATIONAL ANALYSIS BETWEEN INDIA AND THE WORLD IN POST-MILLENIUM PERIOD. INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT, 8(5), j207-j217. https://ijnrd.org/papers/IJNRD2305945.pdf
Issue
Volume 8 Issue 5, May-2023
Pages : j207-j217
Other Publication Details
Paper Reg. ID: IJNRD_197565
Published Paper Id: IJNRD2305945
Research Area: Commerce
Author Type: Indian Author
Country: Lucknow, Uttar Pradesh, India
Published Paper PDF: https://ijnrd.org/papers/IJNRD2305945.pdf
Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2305945
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