American International Journal of Social Science

Dynamics of India’s Commercial Service Exports Since 1991
Dr. Reeti Gupta

Abstract
India espoused an outward orientation in July 1991 and instigated a gradual process of liberalization both in domestic sector as well as in foreign trade sector. During the two decades of reforms regime the role of foreign trade grown in India and remarkable changes came in its trade scenario. A noteworthy change during the post reforms regime is that India penetrates in global markets more rapidly for services trade than for goods trade. Considering this, on the eve of completion of second decade of reform, this study attempts to understand the dynamics and structure of India’s commercial service exports in order to trace the impact of trade policy reforms on their composition. This study is exploratory in nature and utilizes secondary sources of data to draw out the inferences. After a detailed exploration of data the study finds out steep rise in the share of commercial service exports in total trade of India and a structural shift in its structure during the post reforms regime. The study advocates more entry level and domestic level reforms along with diversification in commercial service exports to gain further momentum and supports trade openness to gain competitive advantage for commercial service trade in the global market.

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