​Chapter 8: Services - New Challenges for the Old War Horse

  • The service sector’s contribution to total GVA has risen from 50.6 per cent in FY14 to 55.3 per cent in FY25 (First Advance Estimates).
  • The average growth rate of the services sector was 8 per cent in the pre-pandemic years (FY13 -FY20). It stood at 8.3 per cent in the post-pandemic period (FY23–FY25).
  • India held a 4.3 per cent share in global services exports in 2023, ranking seventh worldwide.
  • India’s services export growth surged to 12.8 per cent during April–November FY25, up from 5.7 per cent in FY24.
  • Information and computer-related services grew at a trend rate of 12.8 per ....
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