Mumbai, Oct 20: India is rapidly emerging as a global hub for services exports with a compound annual growth rate of 14.8 per cent outpacing goods exports, which grew at 9.8 per cent, NSE officials said.
The National Stock Exchange (NSE) highlights robust growth in the services sector, structural reforms, and demographic advantages driving the country’s economic transformation.
“India will be to services, what China has been to manufacturing. It is emerging as global hub for services exports,” NSE Chief Economist Tirthankar Patnaik said.
With a 4.3 per cent share in global services exports, India now ranks 7th globally, led by telecom, IT, and business services that contribute nearly three-fourths of total service exports. Technology exports alone crossed $200 billion in FY25, the officials said. (PTI)
