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As of 2023, India is the seventh largest exporter of commercial services in the world, [12] accounting for 4.6% of global trade in services. India's service exports grew by 27%. [13] In September, India's prominent services industry experienced an acceleration in growth, buoyed by robust demand in the sector.
The India Korea CEPA is one such example and it covers a broad range of other areas such trade facilitation, customs cooperation, investment, competition, intellectual property rights etc. CECA/CEPAs are more comprehensive and ambitious than FTAs in terms of coverage of areas and the type of commitments.
India International Trade Fair; India Thai Business Forum; India Trade Promotion Organisation; Indian Institute of Foreign Trade; Indian pulse export ban, 2006; Indo-German Chamber of Commerce; Indo-Roman trade relations; International Container Transshipment Terminal, Kochi; Investment Commission
The services trade (exports and imports) are not part of commodities trade. The trade surplus in services trade is US$70 billion in the year 2017–18. [3] Counting the European Union (EU) as one, the World Trade Organisation ranks India fifth for commercial services exports and sixth for commercial services imports. [4]
Foreign direct investment (FDI) in India has reached 2% of GDP, compared with 0.1% in 1990, and Indian investment in other countries rose sharply in 2006. [18]As the third-largest economy in the world in PPP terms, India is a preferred destination for FDI; [19] India has strengths in information technology and other significant areas such as auto components, chemicals, apparels ...
International trade is the exchange of capital, goods, and services across international borders or territories [1] ... India: 1,177: 435: 1,612 10
Since liberalisation, the value of India's international trade has increased sharply, [348] with the contribution of total trade in goods and services to the GDP rising from 16% in 1990–91 to 47% in 2009–10. [349] [350] Foreign trade accounted for 48.8% of India's GDP in 2015. [351]
India has also played an important and influential role in other international organisations, such as the East Asia Summit, [7] World Trade Organization, [8] International Monetary Fund (IMF), [9] G8+5 [10] and IBSA Dialogue Forum. [11] India is also a member of the Asian Infrastructure Investment Bank and the Shanghai Cooperation Organisation.