Exports of Services (BoP, USD) in India

Exports of services as a part of balance of payment reached 185 USD bil in 2017 in India, according to the National Statistical Office. This is 14.5 % more than in the previous year.

Historically, exports of services as a part of balance of payment in India reached an all time high of 185 USD bil in 2017 and an all time low of 0.841 USD bil in 1975. When compared to India's main peers, exports of services as a part of balance of payment in Bangladesh amounted to 3.86 USD bil, 206 USD bil in China, 5.76 USD bil in Pakistan and 7.76 USD bil in Sri Lanka in 2017.

India has been ranked 9th within the group of 156 countries we follow in terms of exports of services as a part of balance of payment, 3 places above the position seen 10 years ago.

Services (previously non-factor services) refer to the economic output of intangible commodities that may be produced, transferred and consumed at the same time.

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