The recent Anti-Trafficking Bill in India (2018) has received considerable criticism for perpetuating a paternalistic attitude towards victims of sex trafficking. Scholars, activists and legal experts have pointed out the failure of the Act to recognise the agency of trafficked girls and women. In thinking about victimhood and agency, we draw attention to the need for thinking of ‘vulnerability’ in terms of complex intersectional processes and situations that render certain persons more vulnerable to trafficking. This article delves into contexts and vulnerabilities in the process of trafficking by drawing on women’s narratives about the lived experiences of sex trafficking. It is based on a qualitative field study through in-depth interviews of 51 survivors of sex trafficking who were sheltered in government and non-government organisations in the cities of Chennai and Hyderabad. © 2021 Institute for Human Development.