India ranks 7th in global services trade

India has been ranked by World Trade Organisation (WTO) as seventh largest player in the global services trade with value of exports and imports aggregating US$261 billion in 2011.

With exports at US$137 billion and imports at US$124 billion, India is among the five countries among the top ten players which ended the year 2011 with a surplus of trade in commercial services, according to a WTO report.  “The value of world exports of commercial services rose by 11 per cent in 2011 to US$4,170 billion, exceeding pre-crisis levels of US$ 3,850 in 2008,” the report said.

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