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India among top 10 service exporters
By agencies
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Wednesday, 12 April 2006, 19:30 IST
BANGALORE: India joined the ranks of the top ten service exporters securing the 10th place up from the 16th rank in 2004.
The countrys share in service exports was 2.4 percent while its ranking among service importers also was 10, with a share of 2.9 percent of the total.
India's ranking among the top merchandise exporters also improved one notch to 29 in 2005 from 30 in the previous year.
The country's share in world exports was 0.9 percent, while its ranking among importers jumped to 17 in 2005 from 24 in 2004, trade statistics released by the World Trade Organization revealed.
For India the outstanding increases seem also to be affected by an improved coverage of transactions. Nevertheless, it is certain that India considerably improved its position in the ranking of service traders, the WTO said.
Germany was the largest merchandise exporter while the U.S. was the largest importer. Global merchandise exports during 2005 grew by 13 percent to $10.1 trillion, compared with 21 percent in 2004 while commercial services increased by 11 percent in 2005 to $2.4 trillion against 19 percent in 2004.
The U.S. topped both service exports and imports followed by the U.K. and Germany.