02007cas a2200253 a 4500 AALejournalIMF008657 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451858532 1018-5941 BD-DhAAL BD-DhAAL Gupta, Poonam. Understanding India's Services Revolution / Poonam Gupta, James Gordon. Washington, D.C. : International Monetary Fund, 2004. 1 online resource (36 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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. Mode of access: Internet Gordon, James. IMF Working Papers; Working Paper ; No. 2004/171 Full text available on IMF http://elibrary.imf.org/view/journals/001/2004/171/001.2004.issue-171-en.xml IMF e-Library