Services
The services sector is expected to grow at 9.1% in FY23, as against 8.4% (YoY) in FY22.
- India was among the top ten services exporting countries in 2021, with its share in world commercial services exports increasing from 3 per cent in 2015 to 4 per cent in 2021.
- India’s services exports remained resilient during the Covid-19 pandemic and amid geopolitical uncertainties driven by higher demand for digital support, cloud services, and infrastructure modernization.
- Credit to services sector has grown by over 16% since July 2022.
- Robust expansion in PMI services, indicative of service sector activity, observed since July 2022.
- US$ 7.1 billion FDI equity ....
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