| Summary/Abstract |
The growth of the services sector is accompanied by the growth of the transactions relating to services. In India, after 1991, the government took several systematic measures to strengthen India’s position on global platforms. India’s trade as a percentage of GDP has increased from around 17 per cent in 1991 to 37.81 per cent in 2020 (according to World Bank). As per the data released by the World Trade Organization in 2019, India’s share in global services export stood at 3.5 per cent as against merchandise exports at 1.7 per cent (in 2018). The authors Arnob Paul and Sushanta Kumar Nayak give a brief description of the growth 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, and based on the International Monetary Fund database in the years from 2005 to 2020.
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