FOCUS WTO

A NEWS & VIEWS MAGAZINE

Vol. 10 No. 5 TRADE IN SERVICES Jan.-Feb. 2009

Lead Article
India's Trade in Services and Global Slowdown
By Arpita Mukherjee
Professor, ICRIER, New Delhi.
Abstract
This paper analyzes the impact of the recent global slowdown on India’s trade in services. It
found that India’s major trading partners are adversely affected by the slowdown and contraction
in these markets is affecting India’s services exports in sectors such as IT/ITES. Growing
unemployment in developed countries and the slow progress of the Doha Round may lead to
protectionism. In spite of these concerns, the study found that the slowdown offers opportunities
for the Indian companies to expand in the medium and long terms by exploring new markets,
offering new services, acquiring assets abroad, creating strong brands and adopting innovative
business practices.

NEWS
National/International

India Calls on EU to Adopt Rational and Reciprocal Approach

(www.economictimes.com, 10 April 2009)

Reciprocal Terms Missing in the Proposed India-EU Pact

(An article by Kavaljit Singh, The Economic Times, 7 April 2009)

Services Sector Corners 24 per cent of Total FDI Inflows in ’08

(The Economic Times, 6 April 2009)

‘India Must Move on Opening Trade in Services and non-Agri Goods’

(The Financial Express, 19 February 2009)

India Raps Japan at WTO

(Business Standard, 19 February 2009)

India Can Retain Leadership in KPO Sector

(The Indian Express, 17 February 2009)

TCS Beats Recession, Wins New Orders

(The Hindu, 29 January 2009)

FTA Need of the Hour: EU Trade Commissioner

(The Economic Times, 20 January 2009)
Services Sector Eased Somewhat
(The New York Times, 6 January 2009)

IT, BPO Market in for ‘Slowest’ Growth

New, Innovative Services to drive Phase 2 Growth: IDC
(The Hindu Business Line, 1 January 2009)

Legal Outsourcing Industry Set to Boom in 2009

(Business Standard, 28 December 2008)

Services Ind Maintains Growth: FICCI

(The Hindu Business Line, 28 December 2008)

DHL Launches Trade Advisory Services

(www.thehindubusinessline.com, 17 April 2007)

Meltdown May Hit Export Sector this Fiscal: ESC

(The Hindu Business Line, 24 December 2008)

US Recession to Drive Offshoring: Gartner

(The Hindu Business Line, 27 April 2008)

How Much will US Recession Cost India?

(The Hindu Business Line, 17 April 2008)

Will a US Recession Drag India Down?

(Khaleej Times, 10 December 2007)

Growth Slows in Services, but a Recession is Doubted

(The New York Times, 4 October 2007)

General Agreement on Trade in Services

(www.globalissues.org)

WTO and India’s Trade in Services

(www.iimk.ac.in)

International Trade in Services

(http://unstats.un.org/unsd/tradeserv)

Trade in Services
(http://en.wikipedia.org/wiki/trade_in_services)

Global Recession Hurting India Inc.

(http://smetimes.tradeindia.com)

Is Recession Coming In Software Industry?

(http://www.igovernment.in)
Books/Articles Notes
ARTICLES

Asian Face of the Global Recession by C.P. Chandrasekhar, Jayati Ghosh,

The Hindu Business Line, 10 February 2009.

More Measures Likely to Pump up Economy by Oommen A. Ninan,

The Hindu, 27 January 2009.
Has the US Slowdown Hit IT Sector? by Siddharth A. Pai and Deepak Khosla,
The Economic Times, 25 April 2008.

Measures to Drive out of Recession and Economic Low by Debasish Roy,

The Economic Times, 30 November 2008.

Now, It’s Services vs. Recession by James Cooper, Business Week, 7 May
2008.

Efforts to Reverse Growth Recession by P.A. Seshan, The Hindu, 2 February

2009.

Life Without Bubbles by Paul Krugman, The New York Times, 6 January 2009.

Is It the End of India’s Rave? by Shreekant Sambrani, Business Standard,

5 December 2008.
A Lucid Statement on Macro Economy by C.R.L. Narasimhan, The Hindu,
2 February 2009.

Services Won’t Save us from Recession by Swaminathan S. Anklesaria Aiyar,

The Economic Times, 14 January 2009.
Totally Spent by Robert b. Reich, The New York Times, 13 February 2008.

The Urgency of Reforming Financial Regulation Now by Stephany Griffith-

Jones, Economic & Political Weekly, 13-19 December 2008, Vol. 43 No. 50.

US Financial Hegemony on Declines by Deepak Lal, Business Standard,

24 February 2009.

Can Global Financial Turmoil Derail India’s Growth? by Rajeev Malik, Ajit
Ranade, Nagesh Kumar, The Economic Times, 25 March 2008.
Documents
Council for Trade in Services
SPECIAL SESSION

Communication from Brazil, Colombia, Dominican Republic,

El Salvador, India, Indonesia, Nicaragua, the Philippines and
Thailand
Review of Progress in Negotiations, including Pursuant to Paragraph 15 of the
Guidelines for Negotiations
Tourism Services
(www.wto.org TN/S/W/23, 29 September 2004)