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India Services Exports to Hit $310 billion and Surpass Merchandise Exports by 2012

India's export of services is expected to touch $310.9 billion by 2011/12, powered by the booming software, consultancy, engineering and tourism sectors, according to the Federation of Indian Chambers of Commerce and Industry (FICCI) survey. Services exports could surpass merchandise exports, which are expected to more than double to $305.5 billion in the next five years. 

India: Projected Exports of Services and Merchandise 

 

Services ($ billion)

Merchandise ($ billion)

2006

71.6

112.4

2007

91.5

132.7

2008

116.9

156.8

2009

149.2

185.3

2010

190.6

218.9

2011

243.4

258.6

2012

310.9

305.5

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