Overview Of India's Trade In Services & General Data Considerations Part 1

In the first part of ELP's three part series on "Trade in Services & General Data Considerations", we explore the intersection between the services sector and data transfers. Since the liberalization of the Indian economy in 1991, the services sector has played a key role in integrating India with the global market. India has established itself at the forefront of the Information Technology (IT) and Information Technology enabled sectors (ITes) and has developed tremendous competence in the telecommunications, other business and transport sectors.¹ Notably, in 2021, the service sector contributed to more than 50% of the Indian Gross Domestic Product (GDP),² and in particular, international trade in services forms 11.9% of the Indian GDP.³