Highlights:

• India exported goods worth $112.4 billion during 2005/06 while export of services was $71.6 billion. 
• Indian services exports are estimated to reach $91.5 billion this fiscal, and merchandise exports to hit $132.7 billion.
• India's service exports grew at 28% annually for the last five years, faster than the 22% growth in goods exports during the same period.
• Software services was the highest foreign exchange earner at $21.8 billion during April-December 2006, followed by business and management consultancy at $16.5 billion and travel services at $6.4 billion. 

In terms of share in worldwide services exports, India is going to almost triple its share from the current 2.3% to 6% by 2012, FICCI noted. 

While China ’s exports of commercial services at $74 billion are now more than that of India but India ’s exports of commercial services would cross that of China in 2009 - the average annual growth rate of services in China is 19% for the past five years. 

By 2013 India ’s commercial services exports could be some $100 billion higher than that of China . The commercial services exports from China are projected to be around $300 billion while that from India would be $397 billion by 2013.