Ministry of Commerce and Industry, Government of India, with a view to give proper direction, guidance and encouragement to the Services Sector, has set up an exclusive Export Promotion Council for Services in the name of Services Export Promotion Council (SEPC). SEPC was registered under the Societies Registration Act in November, 2006. DGFT, vide Gazette Notification dated 5/3/2007, included SEPC in the list of the recognised Export Promotion Councils.
Service sector is the largest and fastest growing sector in the Indian economy making as high as 59% contribution in total GDP of India Services export is one of the key thrust areas of the Government of India. Services exports have recorded about seven fold increases in ten years from US$ 20.76 billion in 2002-2003 to US$ 142.325 billion in 2011-2012 and US$ 105.84 billion upto December, 2013.
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