The services export during the last three years

(US $ million)

P- Preliminary; PR-Partially Revised      

(Source: RBI data on India's Overall Balance of Trade)

Services exports vis-à-vis total exports during the last three years are as under:

(US $ million)

P- Preliminary; PR-Partially Revised      

(Source: RBI data on India's Overall Balance of Trade)

As per WTO 2010 Press Release, India ranked at 12^th position in World trade in commercial services in 2009.

With the new Foreign Trade Policy (2009-14), incentives have been given to the services sector through the "Served from India" scheme.  All services providers who have at least earned Rs.10 Lakhs in the preceding or current financial year are eligible for duty credit scrips.  They are also entitled to duty credit equivalent to 10 percent of the foreign exchange earned by them in the preceding financial year.  In addition to this all service exporters are also entitled for EPCG and other benefits as provided under FTP 2009-14.

This information was given by Shri Jyotiraditya M Scindia, Minister of State for Commerce & Industry, in a written reply in the Lok Sabha today.