India has been ranked by the World Trade Organisation (WTO) as the seventh largest player in the global services trade with value of exports and imports aggregating 261 billion dollars in 2011. According to a WTO report, with exports at 137 billion dollar and imports at 124 billion dollar, India is among the five countries out of the top ten players which ended the year 2011 with a surplus of trade in commercial services.The Indian economy is mainly driven by services with the sector contributing over 55 per cent of the country's Gross Domestic Product (GDP).