Monitoring and

Enhancing Service
Exports from India

The trade of services has become a

crucial component of the national
economy, growing faster than goods’
trade due to technological
advancement, digitalisation, and
liberalised trade policies. The
significance of cross-border services
trade will only increase in the coming
years, making it imperative for India to
have a robust services sector for
economic growth and competitiveness.
The services sector in India is a significant contributor to
the country's economy, and growing rapidly in recent
years. It has now become crucial for India’s further growth
and competitiveness.

Service Sector, value added (% of GDP)

48.4
47.8 47.5

45
44.4

2005 2010 2015 2020 2021

 Trade in services has witnessed a significant increase
the last few decades. Given its current growth
potential it is positioned to play an important role in
reducing India's expanding trade imbalance.

India's Services Trade

Export (US $ billions) Import (US $ billions) Trade Balance (US $ billions)
241

203
196
156 154
124
117 115

61
52
49
33 45

2
-8
2005 2010 2015 2020 2021
 Inviting inputs for this
working paper

This working paper aims to discuss the criticality of cross-

border services trade monitoring practices, analyse current
monitoring techniques in India, systematically examine
measurement issues, and offer suggestions.

The goal is to establish a better organised and secure trading

environment for all stakeholders. If you wish to contribute to
this research program please write to us at
careers@globaltradeobserver.com

Click on the link in the description or visit

www.globaltradeobserver.com to read this
working paper