India has jumped five places to become the world's
11th biggest exporter of commercial services in 2005.
The country has also emerged as the world's 13th largest
importer of commercial services, the World Trade Organisation
(WTO) reported in the latest statistics.
India has also inched one step ahead to the 29th rank
among world's largest merchandise exporters and moved
up eight positions to become the and 17th largest importer
of goods from 23rd a year ago, according to WTO's International
Trade Statistics for 2005.
The country's total exports of services grew by 41.6 per
cent to $56.1 billion as against $39.6 billion. This has
been fuelled by a booming software and ITeS exports which
helped the country maintain a modest surplus in services
trade as imports stood lower at $52.2 billion.
total merchandise imports, however, swelled to $134.8
billion from $97.3 billion in 2004, aided by rising crude
oil prices, which is the country's largest single import.
Exports, meanwhile, have jumped 25.8 per cent in 2005
to $95.1 billion compared to $75.6 billion in the previous
country's share in goods exports is just 0.9 per cent
and in goods imports a mere 1.3 per cent. In services,
the country has 2.3
per cent share in exports and 2.2 per cent in imports
during 2005. The country's overall imports - both goods
and services - were much higher at $197 billion in 2005
compared to $151.2 billion of total exports that year.