New Delhi, Oct 28 (UNI) BVR Subrahmanyam, CEO of NITI Aayog, today launched two inaugural reports under the ‘Services Thematic Series’ which are one of the first dedicated assessments of services sector from the macro lens of output and employment.

The first report is ‘India’s Services Sector: Insights from GVA Trends and State-Level Dynamics, ’ examines national and state-level trends to understand how services-led growth is unfolding across regions and whether states with lower initial shares in services are catching up with more advanced ones, which is an important indicator of balanced regional development.

The report said that the services sector has become the cornerstone of India’s economic growth, contributing nearly 55pc of national GVA in 2024-25. It also noted that the spread

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