​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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