Services: From Stability to New Frontiers

  • GDP & GVA Share: Services' GDP share rose to 53.6% in H1 FY26, with GVA share hitting a record 56.4% (FY26 FAE), reflecting the growth of digital and tradable services.
  • Export Ranking: India is the world’s 7th largest services exporter; its global trade share more than doubled from 2% in 2005 to 4.3% in 2024.
  • FDI Magnet: The sector remains the top FDI destination, accounting for 80.2% of total inflows (FY23-FY25), up from 77.7% pre-pandemic (FY16-FY20).

Analysis: The services sector has reached its highest-ever economic weight, evolving into a digital powerhouse that attracts over 80% of India's foreign investment and ....

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