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India's share in global services exports has been growing steadily over the last two decades. From being at the 24th spot in 2001, the country has now become the 7th largest exporter of services in the world. The government has made concerted efforts to promote India's services exports, rolling out initiatives such as setting up of 65 Export Facilitation Centres (EFCs) across the country to mentor and support exporters, securing market access through multilateral, regional and bilateral trade agreements, and launching an Action Plan for Champion Sectors in Services to prioritise high-growth service sectors.

Introducing Policycast – your window into policy, tax, and regulatory insights. Each episode brings expert perspectives on the latest developments shaping businesses, individuals, and the economy.

Since its launch in 2017, GST has achieved much of its intended purpose—simplifying compliance, reducing the cascading effect of taxes, and creating a unified national market.