It comes as no surprise that the gains from liberalization are shown to be higher, the more barriers to trade are removed. Hence, the economic gains are expected to be biggest for a full trade agreement and smallest in the realistic trade agreement, while a Partial trade agreement yields intermediate, albeit still positive, gains from trade liberalization. It is perhaps more surprising, just how important service liberalization is to the overall effect on Indian FTA. Separating the effects of different measures taken to liberalize trade, it is found that most of the economic gains are attributable to liberalizing trade in services. It is expected that India will increase exports to other countries in tradable service sectors: wholesale and retail trade, transport services, communication, financial services and banking, other business services and other services.