India Emerging as Global Hub for Services Exports
According to NSE officials, India is rapidly emerging as a global hub for services exports, with a compound annual growth rate of 14.8%, outpacing goods exports, which grew at 9.8%.
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 highlights the robust growth in the services sector, structural reforms, and demographic advantages driving the country's economic transformation.
The National Stock Exchange (NSE) notes that the services sector is driving India's economic transformation, with a growth rate surpassing that of goods exports.
Author's summary: India emerges as a global services hub.
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