Chapter 11: Services - Fuelling Growth Opportunities
- The services sector's contribution to Gross Value Added (GVA) has returned to pre-pandemic levels at about 55%.
- Services sector has the highest number of active companies (65%), totalling 16,91,495 as of 31 March 2024.
- India’s services exports constituted 4.4% of the world's commercial services exports in 2022.
- Computer and business services exports accounted for 73% of India’s services exports, growing 9.6% YoY in FY24.
- India’s share in globally delivered services exports increased to 6% in 2023 from 4.4% in 2019.
- The aviation sector grew by 15% YoY in total air passengers and 7% YoY in air cargo handled in FY24.
- Outstanding services sector credit reached Rs ....
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- 1 Chapter 1: State of the Economy – Steady as She Goes
- 2 Chapter 2: Monetary Management and Financial Intermediation- Stability is the Watchword
- 3 Chapter 3: Prices and Inflation - Under Control
- 4 Chapter 4: External Sector - Stability amid Plenty
- 5 Chapter 5: Medium-Term Outlook – A Growth Strategy for New India
- 6 Chapter 6: Climate Change and Energy Transition: Dealing with Trade-Offs
- 7 Chapter 7: Social Sector - Benefits that Empower
- 8 Chapter 8: Employment and Skill Development: Towards Quality
- 9 Chapter 9: Agriculture and Food Management – Plenty of Upside Left If We Get It Right
- 10 Chapter 10: Industry - Small and Medium Matters
