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A description of India's services export Paul Arnob, Nayak Sushanta Kumar Online Published on 13 February, 2024. Abstract The growth of the services sector is accompanied by the growth of the transactions relating to services. In India, after 1991, the government has taken several systematic measures to strengthen India’s position on global platforms. It has been seen that India’s trade as a percentage of GDP has increased from around 17 per cent in 1991 to 37.81 per cent in 2020 (World Bank). As per the data released by the World Trade Organization in 2019, India’s share in global services export stands to be 3.5 per cent (in 2018) as against the merchandise export at 1.7 per cent (in 2018). This article gives a brief description of the present scenario of India’s services trade from 2005 to 2020. For this study, the secondary data have been collected from the WTO Trade in Services database based on the International Monetary Fund database from 2005 to 2020. Top | | |
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