“…Empirical evidence also suggests that export-led growth strategy has been successful in India (Nataraj, Sahoo, & Kamaih, 2001;Sahoo & Dash, 2012). Like trade in goods, trade in services may increase the scale of domestic activity, resources allocation, employment opportunities and productivity growth through technology spillover effect (Mattoo, Rathindran, & Subramanian, 2006). In a recent study, Dash and Parida (2011) find that India's service sector-led growth since 1990s relates to higher growth in services trade.…”