Services Sector : Propelling India’s Economic Growth - By Ranjeet Shah

Services play a pivotal role in connecting countries to the global economy, including by enhancing trade in goods. The services sector is an important contributor to economic growth, employment and financial inclusion.

The Economic Survey 2023-2024, tabled in Parliament on 22nd July, 2024, highlighted that the services sector continues to be a significant contributor to India’s growth, accounting for about 55 per cent of the total size of the economy in Financial Year 2024 (FY24).

The Survey further stated that the Government has played a crucial role in fostering the growth and competitiveness of India’s services sector by creating an enabling environment, ....

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