ABSTRACT
India’s emergence in the world economy as one of the fastest growing economies can be attributed to a large extent to the rapid growth of its service sector. The rate of service-sector growth has surpassed the growth of agriculture, industry and the rest of the economy in general. The share of service sector in GDP was 55.40 per cent in 1999-2000 which reached 64.36 per cent in 2008-09. Also, the growth performance of various sub-sectors of the service sector differed significantly among them. Services have also emerged as a major area of India’s external trade. Significance of trade in service sectors is reflected in the academia but the lack of an empirical foundation of its various sub sectors is the major barrier behind the proper realization of the potential. This chapter is a modest endeavour to analyze India’s trade in services, focusing on one of its fast-growing components, which is trade in health services.
