Infographic: Services trade surplus in past 5 yrs
Services trade surplus climbed to $84.4 billion in H1 FY25, from a small $51.4 billion in H1 FY22, buoyed by healthy services exports. The trade has grown by a CAGR of 13.91%.
services exports
November 2024
April 2024
February 2024
December 2023
November 2023
September 2023
August 2023
What drives India’s robust services exports? RBI explains
RBI, in its latest bulletin for April, says to benefit from digitalisation and GenAI, a supportive policy and FDI measures are critical
Goods exports dip 3% in FY24, imports fall faster
The increase in export of services from India is expected to compensate for the decline in merchandise exports.
Reshape Indian economy by ‘servicification’ of manufacturing
While India’s labour force participation rate (LFPR) has continued to increase over the last 5 years, it is important to look at the quality of jobs being created.
Services to help Indian exports get closer to FY23 high of $770 billion in FY24
Services exports, which grew 26.79 % year on year to touch $ 322.72 billion in 2022-23 was the prime driver for Indian export performance the previous year too.
2024 Ahoy! Goods exports face global trade challenges
As the calendar year comes to a close, uncertainties continue to impact global trade, proving that the government’s assessment was correct – unpredictability is the norm.
Domestic exports surge 9.4% in October; imports up 11.1%
The services exports surged 13.43% year-on-year to $28.70 billion during the month under review as against $25.30 billion in the same period last year
What is hurting India's exports engine
Exports as % of GDP have remained rangebound in recent years.
Services exports expand at record pace in August
The S&P Global India Services PMI Index marginally falls to 60.1 in August from 62.3 in July.
India's goods exports fall 15.9% in July, services exports up 10.7%
The decline in exports was partially softened by the resilience shown in services exports
