Statsguru: Six charts explain expansion in India's services trade

An analysis of global numbers suggests that other commercial services dominate services trade globally

Recent headwinds for India’s booming services trade do not take away the segment’s longer-term growth potential.

There has been a slowdown due to global headwinds, but overall services trade surplus on a rolling 12-month basis is still moving up (chart 1). 

The larger challenge has been the absence of similar momentum in merchandise exports. Indeed, the gap between merchandise exports and services exports has been narrowing, prompting some predictions of the latter overtaking the former in a few years (chart 2).

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