Incomplete reform of India's service sector

For more about the East-West Center, see http://www.eastwestcenter.org/India is one of the United States' key partners in Asia for international trade in services. Services, also known as intangibles, include a diverse range of industries, such as banking, insurance, telecommunications, education, travel, health care, and retailing. US exports of such services to India totaled US$10 billion in 2009, led by industries such as education and travel, but US imports of services from India were even larger, totaling over US$12 billion. Matthew Reisman, International Trade Analyst at the US International Trade Commission, examines why India's service sector has grown so rapidly and how additional regulatory reforms could benefit both India and its trading partners