This paper reviews the impact of policy changes on services export and imports of India. It also analysis and critically evaluates the India's exports and imports of services. It also estimates and analysis the growth rate of balance of trade and growth rate of trade in services. The Indian economy has witnessed a major boost in the last decade, which can be chiefly attributed to the growth of its service sector. India has emerged as the fastest growing nation in global services trade. One of the key consequences of the advance in science and technology has been the growth in trade across borders. The progress made in the field of transportation, communication and the recent ascent of the internet has opened a Pandora's Box for firms seeking to expand their businesses. The easing of the regulatory framework in conjunction with liberal policies adopted by countries across the globe has made the world a local market place. International trade in goods as well as services has largely benefited from this trend.
