NSE building in Mumbai. (Photo source: Shubhayan Bhattacharya/ NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

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% , NSE officials said.

The National Stock Exchange 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 of 14.8% over the past three decades, outpacing goods exports which grew at 9.8%

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