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'India is world's 10th largest service exporter'

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CIOL Bureau
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BANGALORE, INDIA: India has emerged as the world's 10th biggest service exporter and 20th biggest merchandise exporter in 2010, according to the World Trade Report 2011. In 2009, the country stood at the 12th and 22nd position globally in services and goods exports, respectively.

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Last year, the country exported services and merchandise worth $110 billion and $216 billion respectively, the WTO report said.

Also read: FICCI Survey on Exports - July 2011

India's goods exports went up by 31 per cent in 2010, helping the country to expand its market share to 1.4 per cent from 1.2 per cent in 2009. According to industry experts, increasing demand for Indian goods in new markets like Latin America and Africa are helping in boosting the country's exports.

Also read: India's Exim Policy 2010 - 2011

The WTO report further said that, globally China ranked first in terms of merchandise exports followed by the US and Germany. In services export, the US is on the top slot followed by Germany and UK.