India has been an exemplary case of economic growth, lionized in the international press as one of the emerging market economies that will take over the world economy in the current century. The Indian services revolution is often cited as an example of an alternative development strategy under...

The British war effort in the Second World War depended on United States Lend Lease and the accumulation of sterling balances by neutrals, some of which would become belligerents and by the Empire. In the end of the war sterling balances corresponded to 60% of British net receipts under Lend...

As per the balance of payments constraint hypothesis, in an open economy, achieving a high long-run rate of growth would require a country to reduce its balance of payments constraint through an improved export performance, and the production of import substitutes, which would lower the income...

Purpose - The aim of this paper is to make a descriptive exploratory effort to discern the role of IT exports in India's macro-economic indicators, like national income, employment and balance of payment in the post-Liberalization, Privatization and Globalization strategy in the 1990s. The paper...

The current patterns of bilateral trade continue to highlight greater exports from India under the resource- based and raw material categories. Imports are under the machinery and processed minerals category. In the past, high revenues were earned from iron ore exports, thanks to high...

External sector plays a significant role in the sustainable economic development of an economy. This paper aims to examine the correlation between balance of payment and macroeconomic variables mainly Money supply and Exchange rate of India. The study is built on fundamental assumption that...

The Indian economy has been experiencing a major transformation since 1990's in the wake of unilateral economic reforms initiated since 1991 and the reorientation of the economy in accordance with the rules and regulations within the multilateral framework of GATT/WTO. Accordingly, the...