Sujata Kundu, et al. <br/><br/>
Global Business Cycles and India’s Services Exports:   An Empirical Analysis 
 Economic and Political Weekly  Vol.59; No.26-27 -   29 June 2024   pp. 73-83  

<br/><br/> The degree of synchronisation of India’s exports of goods and services with the global business cycle is examined using a time-varying transition probability Markov-switching regression model for nearly three decades from 1990 to 2021. India’s services exports reveal a higher degree of synchronicity with global gross domestic product growth compared to goods exports. This suggests that services could be a more stable source of overall export growth; however, there is a need for greater diversification of India’s services export basket if potential from global business opportunities is to be reaped. 
<br/><br/><label>Subjects--Uniform Titles: </label><br/>Commerce
<br/><br/><label>Subjects--Topical Terms: </label><br/>International trade <br/>India <br/>Business <br/>Export of goods and services