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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- 1 Chapter 1: State of the Economy - Getting Back into the Fast Lane
- 2 Chapter 2: Monetary and Financial Sector Developments - The Card and the Horse
- 3 Chapter 3: External Sector - Getting FDI Right
- 4 Chapter 4: Prices and Inflation - Understanding the Dynamics
- 5 Chapter 5: Medium-Term Outlook - Deregulation Drives Growth
- 6 Chapter 6: Investment and Infrastructure - Keeping it Going
- 7 Chapter 7: Industry - All about Business Reforms
- 8 Chapter 9: Agriculture and Food Management - Sector of the Future
- 9 Chapter 10: Climate & Environment - Adaptation Matters
- 10 Chapter 11: Social Sector - Extending reach and driving empowerment
