India and Global Services Trade: Challenges and Prospects

Imagine countries trading things like education, banking, and computer help, instead of just selling goods.

This is 'services trade,' and it's becoming more important worldwide, especially for India.

However, unlike selling goods, services have rules that are different in each country, making it hard to trade.

Things like visas, education standards, and taxes can stop services from being traded easily.

Countries are trying to make rules more similar so it's easier to trade, like creating an index that measures how difficult it is to trade services, which can help countries make deals and boost services trade.