This has led to a rise in the share of invisibles in the current receipts (exports and invisibles combined) from 29 per cent in 1990-91 to 47 per cent in 2005-06 (Table 4). As a result, the ratio of current receipts to GDP has nearly trebled from 8.2 per cent in 1990-91 to 24.5 per cent in 2005-06.
Reflecting the continued buoyancy of India’s services exports, the share of India’s services exports in world exports has trebled in the course of just a decade - from 0.6 per cent in 1995 to 1.8 per cent in 2004 (Chart 10). India was  BIS Review 106/2006  7  the 18th largest service exporter in the world in 2004.