India rapidly emerging as global hub for services exports, says NSE

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.

India’s services exports have grown at a compound annual growth rate (CAGR) of 14.8 per cent over the past three decades, outpacing goods exports which grew at 9.8 per cent, the official, who made a presentation before a visiting media team from Jammu and Kashmir, said.