The service sector has been the major source of economic growth in India in recent years. The growth of this sector has drawn a global attention. Unlike other countries where economic growth has led to a shift from agriculture to industries, in India there has been a shift from agriculture to the service sector. It now contributes around 53 per cent to India’s Gross Value Added (GVA). In the trade mode, services trade has also grown at the same rate as goods trade over the 1990s. Now, India had a dominant presence in global services exports. It remained among the top ten services exporting countries in 2020, with its share in world commercial services exports increasing to 4.1per cent in 2020 from 3.4 per cent in 2019 (GoI, 2021).